FTAI Aviation (NYSE:FTAI) Shares Gap Up - Still a Buy?

FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $125.75, but opened at $149.74. FTAI Aviation shares last traded at $151.43, with a volume of 2,649,971 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FTAI shares. Stifel Nicolaus cut 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. Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price for the company in a research note on Friday, January 10th. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a research note on Tuesday, January 21st. Barclays lifted their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Finally, BTIG Research upped their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. 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, FTAI Aviation currently has an average rating of "Moderate Buy" and an average price target of $171.75.

FTAI Aviation Trading Down 10.1 %

The company has a market capitalization of $13.26 billion, a PE ratio of -1,292.97 and a beta of 2.05. The company's 50 day moving average price is $124.91 and its 200-day moving average price is $133.09.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTAI. Mackenzie Financial Corp grew its holdings in shares of FTAI Aviation by 46.5% during the 4th quarter. Mackenzie Financial Corp now owns 10,167 shares of the financial services provider's stock worth $1,464,000 after purchasing an additional 3,228 shares during the period. GF Fund Management CO. LTD. purchased a new position in FTAI Aviation in the fourth quarter valued at about $2,779,000. Public Employees Retirement System of Ohio acquired a new position in FTAI Aviation during the 4th quarter worth approximately $61,000. GTS Securities LLC boosted its holdings in FTAI Aviation by 52.4% in the 4th quarter. GTS Securities LLC now owns 2,656 shares of the financial services provider's stock worth $383,000 after acquiring an additional 913 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in FTAI Aviation by 68.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 269,970 shares of the financial services provider's stock valued at $38,886,000 after acquiring an additional 110,127 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

About FTAI Aviation

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.