FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) dropped 4.4% during trading on Thursday . The stock traded as low as $6.56 and last traded at $6.44. Approximately 177,103 shares traded hands during trading, a decline of 80% from the average daily volume of 887,986 shares. The stock had previously closed at $6.73.
FTAI Infrastructure Price Performance
The business's 50-day simple moving average is $7.35 and its two-hundred day simple moving average is $8.42. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The stock has a market cap of $741.65 million, a P/E ratio of -3.29 and a beta of 1.44.
Hedge Funds Weigh In On FTAI Infrastructure
Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in FTAI Infrastructure by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company's stock worth $47,463,000 after acquiring an additional 730,895 shares during the period. Luxor Capital Group LP grew its position in shares of FTAI Infrastructure by 4.6% during the 3rd quarter. Luxor Capital Group LP now owns 5,940,484 shares of the company's stock valued at $55,603,000 after purchasing an additional 258,591 shares in the last quarter. Hood River Capital Management LLC increased its holdings in shares of FTAI Infrastructure by 32.7% in the fourth quarter. Hood River Capital Management LLC now owns 5,891,840 shares of the company's stock worth $42,775,000 after purchasing an additional 1,452,567 shares during the period. Capital International Investors raised its position in shares of FTAI Infrastructure by 17.0% in the fourth quarter. Capital International Investors now owns 5,345,350 shares of the company's stock worth $38,807,000 after buying an additional 778,376 shares in the last quarter. Finally, State Street Corp boosted its stake in FTAI Infrastructure by 2.2% during the third quarter. State Street Corp now owns 2,543,305 shares of the company's stock valued at $23,805,000 after buying an additional 55,936 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.
About FTAI Infrastructure
(
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FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.
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