Manchester Capital Management LLC Reduces Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Manchester Capital Management LLC reduced its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,913 shares of the financial services provider's stock after selling 6,975 shares during the quarter. FTAI Aviation comprises 1.9% of Manchester Capital Management LLC's investment portfolio, making the stock its 9th biggest holding. Manchester Capital Management LLC owned 0.11% of FTAI Aviation worth $16,264,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FTAI. CWM LLC increased its stake in FTAI Aviation by 26.8% in the 3rd quarter. CWM LLC now owns 2,533 shares of the financial services provider's stock valued at $337,000 after purchasing an additional 535 shares in the last quarter. Creative Planning increased its position in shares of FTAI Aviation by 81.7% in the third quarter. Creative Planning now owns 29,858 shares of the financial services provider's stock valued at $3,968,000 after buying an additional 13,423 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of FTAI Aviation by 27.3% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 3,702 shares of the financial services provider's stock worth $492,000 after buying an additional 795 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of FTAI Aviation in the 3rd quarter worth about $492,000. Finally, Net Worth Advisory Group acquired a new stake in FTAI Aviation in the 3rd quarter valued at about $269,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

Shares of NYSE FTAI traded up $6.57 during midday trading on Wednesday, hitting $125.75. 1,927,314 shares of the company's stock were exchanged, compared to its average volume of 4,052,580. FTAI Aviation Ltd. has a twelve month low of $52.14 and a twelve month high of $181.64. The firm has a market cap of $12.90 billion, a P/E ratio of -1,257.37 and a beta of 2.05. The stock's 50 day moving average price is $124.78 and its 200-day moving average price is $132.79.

Analyst Ratings Changes

A number of research firms recently issued reports on FTAI. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Benchmark upped their price objective on FTAI Aviation from $150.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, November 1st. 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. Citigroup boosted their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Finally, Compass Point lifted their price target on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $171.75.

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.