Lisanti Capital Growth LLC Sells 57,715 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Lisanti Capital Growth LLC decreased its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 77.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,110 shares of the financial services provider's stock after selling 57,715 shares during the period. Lisanti Capital Growth LLC's holdings in FTAI Aviation were worth $2,465,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new stake in shares of FTAI Aviation during the 3rd quarter valued at about $26,000. Anchor Investment Management LLC bought a new stake in FTAI Aviation during the third quarter valued at approximately $31,000. Private Trust Co. NA lifted its position in FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in FTAI Aviation in the 4th quarter worth approximately $36,000. Finally, Farther Finance Advisors LLC raised its position in shares of 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 buying an additional 189 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Down 4.9 %

Shares of NYSE:FTAI traded down $5.15 during midday trading on Monday, hitting $99.07. 662,228 shares of the stock traded hands, compared to its average volume of 1,576,152. The business's 50 day moving average is $123.42 and its two-hundred day moving average is $134.46. The stock has a market capitalization of $10.16 billion, a PE ratio of -990.34 and a beta of 2.06. FTAI Aviation Ltd. has a one year low of $54.84 and a one year high of $181.64.

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FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, March 14th. FTAI Aviation's dividend payout ratio (DPR) is currently -342.86%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FTAI. Barclays upped their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Wolfe Research raised FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective on the stock in a report on Friday, January 10th. StockNews.com raised FTAI Aviation to a "sell" rating in a research note on Friday, February 28th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research note on Thursday. Finally, Compass Point upped their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $173.67.

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.