Next Century Growth Investors LLC Sells 61,871 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Next Century Growth Investors LLC cut its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 35.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,009 shares of the financial services provider's stock after selling 61,871 shares during the quarter. FTAI Aviation accounts for about 1.2% of Next Century Growth Investors LLC's holdings, making the stock its 29th biggest holding. Next Century Growth Investors LLC owned about 0.11% of FTAI Aviation worth $16,134,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in FTAI Aviation in the 4th quarter valued at approximately $183,688,000. William Blair Investment Management LLC bought a new position in shares of FTAI Aviation during the fourth quarter valued at $174,372,000. Clearbridge Investments LLC lifted its holdings in shares of FTAI Aviation by 104.3% during the fourth quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider's stock worth $66,750,000 after purchasing an additional 236,556 shares during the period. Wellington Management Group LLP grew its stake in shares of FTAI Aviation by 35.1% in the fourth quarter. Wellington Management Group LLP now owns 904,193 shares of the financial services provider's stock worth $130,240,000 after purchasing an additional 234,874 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in FTAI Aviation by 102.8% in the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock valued at $54,685,000 after purchasing an additional 208,613 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages recently commented on FTAI. BTIG Research upped their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. Wolfe Research upgraded FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a report on Friday, January 10th. Morgan Stanley dropped their price objective on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday. Compass Point raised their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, FTAI Aviation currently has an average rating of "Moderate Buy" and an average target price of $172.83.

FTAI Aviation Stock Down 3.3 %

Shares of FTAI traded down $3.24 during trading hours on Tuesday, hitting $95.83. The company had a trading volume of 1,311,098 shares, compared to its average volume of 1,696,963. The stock's 50 day moving average price is $111.33 and its 200 day moving average price is $130.50. The firm has a market cap of $9.83 billion, a P/E ratio of -958.20 and a beta of 1.79. FTAI Aviation Ltd. has a 52-week low of $66.22 and a 52-week high of $181.64.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.25%. FTAI Aviation's dividend payout ratio (DPR) is presently -342.86%.

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.