Stratos Wealth Partners LTD. trimmed its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 49.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,628 shares of the financial services provider's stock after selling 2,532 shares during the period. Stratos Wealth Partners LTD.'s holdings in FTAI Aviation were worth $379,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation during the third quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in shares of FTAI Aviation during the third quarter worth $31,000. Farther Finance Advisors LLC lifted its position in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock worth $46,000 after purchasing an additional 189 shares in the last quarter. USA Financial Formulas acquired a new position in shares of FTAI Aviation during the fourth quarter worth $93,000. Finally, Everence Capital Management Inc. acquired a new position in shares of FTAI Aviation during the fourth quarter worth $203,000. 88.96% of the stock is owned by institutional investors and hedge funds.
FTAI Aviation Stock Up 5.3 %
FTAI stock traded up $5.67 during trading on Friday, hitting $113.59. 1,764,919 shares of the company's stock traded hands, compared to its average volume of 5,349,779. FTAI Aviation Ltd. has a 52 week low of $52.14 and a 52 week high of $181.64. The stock has a fifty day moving average price of $126.61 and a two-hundred day moving average price of $132.69. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of -1,135.79 and a beta of 2.05.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on FTAI shares. Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price on the stock in a research report on Friday, January 10th. 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 research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a research note on Tuesday, January 21st. Finally, Benchmark lifted their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $171.75.
Read Our Latest Stock Report on FTAI Aviation
FTAI Aviation Company Profile
(
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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