Rhumbline Advisers Acquires 3,121 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Rhumbline Advisers increased its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 142,072 shares of the financial services provider's stock after purchasing an additional 3,121 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of FTAI Aviation worth $20,464,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Brown Brothers Harriman & Co. bought a new position in shares of FTAI Aviation in the third quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in FTAI Aviation in the third quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FTAI Aviation during the fourth quarter worth $36,000. Farther Finance Advisors LLC increased its stake in shares of FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock valued at $46,000 after buying an additional 189 shares in the last quarter. Finally, Blue Trust Inc. acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at $56,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

Shares of FTAI traded down $14.51 during mid-day trading on Friday, hitting $129.31. 3,870,314 shares of the company's stock were exchanged, compared to its average volume of 4,111,998. FTAI Aviation Ltd. has a 52 week low of $53.77 and a 52 week high of $181.64. The company has a market cap of $13.26 billion, a PE ratio of -1,292.97 and a beta of 2.05. The company has a 50-day simple moving average of $124.96 and a 200 day simple moving average of $132.87.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup increased their price objective on FTAI Aviation from $134.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Royal Bank of Canada restated an "outperform" rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Barclays lifted their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Benchmark raised their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, Compass Point upped their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $171.75.

FTAI Aviation Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.