FTAI Aviation (NYSE:FTAI) Stock Price Down 6.2% - Time to Sell?

FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report)'s stock price fell 6.2% on Thursday . The stock traded as low as $106.88 and last traded at $107.57. 1,663,986 shares changed hands during trading, a decline of 61% from the average session volume of 4,262,721 shares. The stock had previously closed at $114.71.

Analysts Set New Price Targets

Several research firms recently weighed in on FTAI. Stifel Nicolaus decreased their price target on FTAI Aviation from $167.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Compass Point increased their price target on FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Royal Bank of Canada restated an "outperform" rating and set a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. Citigroup increased their price target on FTAI Aviation from $134.00 to $165.00 and gave the company a "buy" rating in a report on Monday, October 28th. Finally, StockNews.com upgraded FTAI Aviation to a "sell" rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, FTAI Aviation has an average rating of "Moderate Buy" and a consensus price target of $171.75.

FTAI Aviation Trading Up 5.3 %

The company has a 50-day simple moving average of $125.88 and a 200 day simple moving average of $132.72. The company has a market cap of $11.65 billion, a P/E ratio of -1,135.79 and a beta of 2.05.

Hedge Funds Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of FTAI Aviation by 68.9% during the 4th 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 worth $38,886,000 after buying an additional 110,127 shares in the last quarter. Virtus Fund Advisers LLC bought a new position in shares of FTAI Aviation during the 4th quarter worth $26,000. Two Sigma Advisers LP boosted its position in FTAI Aviation by 24.5% during the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock valued at $188,030,000 after purchasing an additional 256,800 shares in the last quarter. Two Sigma Investments LP grew its stake in FTAI Aviation by 16.6% in the fourth quarter. Two Sigma Investments LP now owns 844,772 shares of the financial services provider's stock valued at $121,681,000 after purchasing an additional 120,289 shares during the last quarter. Finally, Shellback Capital LP purchased a new position in FTAI Aviation in the fourth quarter valued at about $76,510,000. Institutional investors own 88.96% of the company's stock.

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.