CHURCHILL MANAGEMENT Corp decreased its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 154,474 shares of the financial services provider's stock after selling 4,225 shares during the quarter. CHURCHILL MANAGEMENT Corp owned 0.15% of FTAI Aviation worth $22,250,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Westfield Capital Management Co. LP lifted its stake in FTAI Aviation by 87.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider's stock valued at $220,618,000 after buying an additional 773,017 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of FTAI Aviation by 14,553.9% in the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider's stock valued at $74,959,000 after acquiring an additional 560,179 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of FTAI Aviation by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider's stock valued at $50,530,000 after acquiring an additional 264,971 shares in the last quarter. Vantage Investment Partners LLC acquired a new position in FTAI Aviation in the 3rd quarter worth approximately $32,769,000. Finally, Franklin Resources Inc. grew its position in FTAI Aviation by 102.8% during the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock worth $54,685,000 after purchasing an additional 208,613 shares in the last quarter. Institutional investors own 88.96% of the company's stock.
FTAI Aviation Price Performance
Shares of FTAI stock traded up $3.92 on Thursday, hitting $120.00. The company's stock had a trading volume of 8,447,527 shares, compared to its average volume of 4,475,682. The stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of -1,199.88 and a beta of 2.09. FTAI Aviation Ltd. has a fifty-two week low of $47.21 and a fifty-two week high of $181.64. The firm's fifty day moving average price is $151.99 and its 200-day moving average price is $132.31.
FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.01). The company had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. FTAI Aviation's quarterly revenue was up 60.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. Analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.
FTAI Aviation Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.00%. FTAI Aviation's payout ratio is currently -1,200.00%.
Wall Street Analyst Weigh In
FTAI has been the subject of a number of research analyst reports. Citigroup increased their target price on FTAI Aviation from $134.00 to $165.00 and gave the company a "buy" rating in a report on Monday, October 28th. Wolfe Research upgraded FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a research report on Friday, January 10th. Stifel Nicolaus lifted their target price on FTAI Aviation from $156.00 to $167.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Morgan Stanley reissued an "underperform" rating on shares of FTAI Aviation in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $177.33.
View Our Latest Report on FTAI
About FTAI Aviation
(
Free Report)
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.
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