EAM Investors LLC Sells 34,631 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

EAM Investors LLC lowered its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 50.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,475 shares of the financial services provider's stock after selling 34,631 shares during the quarter. EAM Investors LLC's holdings in FTAI Aviation were worth $4,822,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Anchor Investment Management LLC bought a new stake in shares of FTAI Aviation during the 3rd quarter worth $31,000. Private Trust Co. NA increased its position in shares of FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in FTAI Aviation in the 4th quarter worth approximately $36,000. Blue Trust Inc. purchased a new stake in FTAI Aviation in the fourth quarter worth approximately $56,000. Finally, National Bank of Canada FI bought a new position in FTAI Aviation during the fourth quarter valued at approximately $65,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Price Performance

FTAI Aviation stock traded down $6.56 during mid-day trading on Monday, reaching $86.44. The stock had a trading volume of 588,757 shares, compared to its average volume of 1,702,934. FTAI Aviation Ltd. has a one year low of $68.50 and a one year high of $181.64. The company has a 50-day moving average price of $109.96 and a two-hundred day moving average price of $129.65. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of -864.31 and a beta of 1.79.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation's dividend payout ratio (DPR) is currently -342.86%.

Wall Street Analyst Weigh In

Several research firms recently commented on FTAI. BTIG Research increased their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. Royal Bank of Canada reissued an "outperform" rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Morgan Stanley decreased their price target on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a report on Saturday, March 15th. Finally, Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $172.83.

FTAI Aviation Company 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.