Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 49.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,200 shares of the company's stock after selling 183,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.18% of FTAI Infrastructure worth $1,616,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Quadrature Capital Ltd purchased a new position in FTAI Infrastructure during the fourth quarter worth about $39,000. Algert Global LLC bought a new position in shares of FTAI Infrastructure in the second quarter valued at approximately $88,000. Choreo LLC purchased a new stake in shares of FTAI Infrastructure during the second quarter valued at approximately $100,000. ProShare Advisors LLC lifted its holdings in FTAI Infrastructure by 8.5% during the first quarter. ProShare Advisors LLC now owns 17,783 shares of the company's stock worth $112,000 after acquiring an additional 1,400 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in FTAI Infrastructure in the second quarter worth $134,000. Institutional investors own 87.43% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, JMP Securities restated a "market outperform" rating and set a $12.00 price objective on shares of FTAI Infrastructure in a report on Monday, August 5th.
Get Our Latest Stock Report on FIP
FTAI Infrastructure Stock Performance
Shares of NASDAQ FIP traded up $0.04 during trading on Tuesday, reaching $9.54. 415,184 shares of the stock traded hands, compared to its average volume of 1,185,897. The company has a 50-day moving average of $9.20 and a 200-day moving average of $8.41. FTAI Infrastructure Inc. has a 52-week low of $2.88 and a 52-week high of $10.45. The stock has a market capitalization of $970.16 million, a P/E ratio of -4.97 and a beta of 1.28. The company has a debt-to-equity ratio of 5.42, a current ratio of 2.10 and a quick ratio of 2.10.
FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The company reported ($0.52) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.17). FTAI Infrastructure had a negative return on equity of 44.09% and a negative net margin of 49.85%. The company had revenue of $84.89 million during the quarter.
FTAI Infrastructure Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Infrastructure's dividend payout ratio is -6.19%.
Insider Buying and Selling
In other news, major shareholder Fig Buyer Gp, Llc sold 3,399,501 shares of FTAI Infrastructure stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $9.04, for a total transaction of $30,731,489.04. Following the completion of the sale, the insider now owns 8,418,561 shares in the company, valued at approximately $76,103,791.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.17% of the stock is owned by company insiders.
FTAI Infrastructure Profile
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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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