Moody Aldrich Partners LLC trimmed its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,225 shares of the financial services provider's stock after selling 5,276 shares during the period. Moody Aldrich Partners LLC's holdings in FTAI Aviation were worth $4,210,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation during the third quarter worth approximately $26,000. Anchor Investment Management LLC acquired a new stake in shares of FTAI Aviation in the third quarter valued at about $31,000. Farther Finance Advisors LLC raised its holdings in shares of FTAI Aviation by 118.1% during the 3rd 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 during the period. USA Financial Formulas acquired a new position in shares of FTAI Aviation during the fourth quarter worth $93,000. Finally, Raymond James Trust N.A. purchased a new position in FTAI Aviation in the third quarter valued at about $200,000. 88.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have commented on FTAI. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a report on Tuesday, January 21st. Compass Point increased their price target on FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Morgan Stanley reaffirmed an "underperform" rating on shares of FTAI Aviation in a research report on Friday, October 18th. Stifel Nicolaus reduced their price target on FTAI Aviation from $167.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation currently has an average rating of "Moderate Buy" and an average target price of $171.75.
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FTAI Aviation Stock Performance
Shares of NYSE:FTAI traded down $3.35 on Wednesday, hitting $96.67. 4,751,723 shares of the company were exchanged, compared to its average volume of 5,540,657. The company's 50 day moving average price is $141.17 and its two-hundred day moving average price is $132.34. FTAI Aviation Ltd. has a one year low of $52.02 and a one year high of $181.64. The firm has a market capitalization of $9.91 billion, a price-to-earnings ratio of -963.70 and a beta of 2.09.
FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company's revenue was up 60.0% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. Research analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.
FTAI Aviation Company Profile
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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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