Hiddenite Capital Partners LP Has $7.97 Million Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Hiddenite Capital Partners LP reduced its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 65.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,000 shares of the financial services provider's stock after selling 115,000 shares during the period. FTAI Aviation comprises 2.6% of Hiddenite Capital Partners LP's investment portfolio, making the stock its 6th largest holding. Hiddenite Capital Partners LP owned approximately 0.06% of FTAI Aviation worth $7,974,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of FTAI Aviation by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider's stock worth $608,426,000 after acquiring an additional 533,381 shares during the period. Capital International Investors purchased a new position in shares of FTAI Aviation in the 1st quarter valued at about $274,052,000. American Century Companies Inc. increased its holdings in shares of FTAI Aviation by 1,923.5% in the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider's stock valued at $100,423,000 after purchasing an additional 924,730 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of FTAI Aviation by 1,488.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider's stock valued at $58,415,000 after purchasing an additional 813,311 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of FTAI Aviation by 14,553.9% in the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider's stock valued at $74,959,000 after purchasing an additional 560,179 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Stock Performance

Shares of FTAI traded up $0.50 during mid-day trading on Wednesday, hitting $161.95. The company's stock had a trading volume of 268,721 shares, compared to its average volume of 1,044,946. FTAI Aviation Ltd. has a one year low of $40.29 and a one year high of $166.00. The firm has a market capitalization of $16.55 billion, a PE ratio of 66.71 and a beta of 2.04. The stock's 50-day moving average is $136.52 and its two-hundred day moving average is $110.74.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.01). FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The company had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. During the same quarter last year, the business posted $0.33 EPS. FTAI Aviation's quarterly revenue was up 60.0% on a year-over-year basis. Analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.74%. FTAI Aviation's dividend payout ratio is currently -1,199.88%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Morgan Stanley restated an "underperform" rating on shares of FTAI Aviation in a report on Friday, October 18th. Citigroup raised their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Benchmark boosted their price objective on FTAI Aviation from $150.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, JMP Securities increased their price objective on FTAI Aviation from $90.00 to $132.00 and gave the stock a "market outperform" rating in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $162.09.

FTAI Aviation Company Profile

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.