Ibex Wealth Advisors Buys New Position in FTAI Aviation Ltd. (NYSE:FTAI)

Ibex Wealth Advisors acquired a new position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 24,424 shares of the financial services provider's stock, valued at approximately $3,518,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in FTAI Aviation during the 3rd quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new stake in FTAI Aviation during the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its stake in FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 189 shares during the period. USA Financial Formulas bought a new stake in FTAI Aviation during the 4th quarter valued at approximately $93,000. Finally, Raymond James Trust N.A. bought a new stake in FTAI Aviation during the 3rd quarter valued at approximately $200,000. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock traded up $6.35 on Thursday, reaching $103.35. The company had a trading volume of 1,569,020 shares, compared to its average volume of 5,426,936. The firm's 50-day moving average price is $139.69 and its two-hundred day moving average price is $132.10. FTAI Aviation Ltd. has a 1 year low of $52.02 and a 1 year high of $181.64. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of -1,033.40 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings data 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 net margin of 1.59% and a return on equity of 206.25%. The business had revenue of $465.80 million for the quarter, compared to analysts' expectations of $422.45 million. During the same quarter in the previous year, the firm earned $0.33 EPS. FTAI Aviation's revenue was up 60.0% compared to the same quarter last year. As a group, analysts anticipate that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

Wall Street Analysts Forecast Growth

FTAI has been the topic of several recent analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Morgan Stanley reaffirmed an "underperform" rating on shares of FTAI Aviation in a research note on Friday, October 18th. Compass Point lifted their price objective on FTAI Aviation from $175.00 to $181.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Benchmark lifted their price objective on FTAI Aviation from $150.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Barclays lifted their price objective on FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $171.75.

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.