FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report)'s share price fell 5.9% on Tuesday . The company traded as low as $6.61 and last traded at $6.61. 345,065 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 1,034,969 shares. The stock had previously closed at $7.02.
FTAI Infrastructure Trading Up 0.4 %
The business's 50-day moving average price is $7.73 and its 200 day moving average price is $8.66. The company has a market cap of $798.53 million, a P/E ratio of -3.55 and a beta of 1.45. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42.
FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.45) earnings per share for the quarter. The business had revenue of $83.31 million during the quarter. FTAI Infrastructure had a negative return on equity of 46.25% and a negative net margin of 44.32%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of FIP. Highland Peak Capital LLC lifted its position in shares of FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company's stock valued at $16,430,000 after purchasing an additional 1,158,816 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in FTAI Infrastructure by 198.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company's stock worth $7,941,000 after buying an additional 564,566 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in FTAI Infrastructure by 44.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,470,225 shares of the company's stock worth $12,688,000 after buying an additional 449,481 shares during the last quarter. FMR LLC increased its holdings in FTAI Infrastructure by 5,651.2% during the third quarter. FMR LLC now owns 348,349 shares of the company's stock worth $3,261,000 after buying an additional 342,292 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in FTAI Infrastructure by 113.8% during the third quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company's stock worth $4,851,000 after buying an additional 275,903 shares during the last quarter. 87.43% of the stock is owned by institutional investors.
FTAI Infrastructure Company Profile
(
Get Free Report)
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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