Luxor Capital Group LP Takes $1.30 Million Position in FTAI Aviation Ltd. (NYSE:FTAI)

Luxor Capital Group LP acquired a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,765 shares of the financial services provider's stock, valued at approximately $1,298,000. FTAI Aviation comprises 0.1% of Luxor Capital Group LP's holdings, making the stock its 28th biggest position.

A number of other large investors have also added to or reduced their stakes in FTAI. Orion Portfolio Solutions LLC grew its position in FTAI Aviation by 2.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider's stock valued at $483,000 after purchasing an additional 102 shares during the period. MML Investors Services LLC grew its holdings in FTAI Aviation by 6.3% during the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider's stock valued at $288,000 after buying an additional 129 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in FTAI Aviation by 5.8% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider's stock worth $352,000 after acquiring an additional 145 shares during the period. Farther Finance Advisors LLC boosted its stake in FTAI Aviation by 118.1% during the third 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 during the period. Finally, Brown Brothers Harriman & Co. bought a new position in FTAI Aviation in the third quarter valued at $26,000. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Performance

Shares of FTAI traded down $6.50 on Monday, hitting $150.61. 888,001 shares of the stock traded hands, compared to its average volume of 1,041,105. The company has a market capitalization of $15.45 billion, a PE ratio of 64.92 and a beta of 2.06. The business has a 50 day simple moving average of $151.60 and a 200 day simple moving average of $121.88. FTAI Aviation Ltd. has a one year low of $43.29 and a one year high of $177.18.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. FTAI Aviation's revenue was up 60.0% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. On average, equities analysts expect that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation's dividend payout ratio (DPR) is presently -1,199.88%.

Analysts Set New Price Targets

FTAI has been the topic of a number of recent research reports. Citigroup raised their price objective on FTAI Aviation from $134.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Morgan Stanley restated an "underperform" rating on shares of FTAI Aviation in a report on Friday, October 18th. BTIG Research started coverage on shares of FTAI Aviation in a report on Monday, August 26th. They issued a "buy" rating and a $140.00 price objective for the company. Barclays raised their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $166.18.

FTAI Aviation 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.