Nisa Investment Advisors LLC reduced its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 99.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,244 shares of the financial services provider's stock after selling 239,381 shares during the period. Nisa Investment Advisors LLC's holdings in FTAI Aviation were worth $298,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC increased its stake in shares of FTAI Aviation by 5.8% in the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider's stock worth $352,000 after buying an additional 145 shares during the period. Hsbc Holdings PLC increased its holdings in FTAI Aviation by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider's stock worth $1,163,000 after purchasing an additional 216 shares during the period. Xponance Inc. lifted its holdings in shares of FTAI Aviation by 4.1% in the 2nd quarter. Xponance Inc. now owns 6,275 shares of the financial services provider's stock valued at $648,000 after buying an additional 248 shares during the period. Arcadia Investment Management Corp MI acquired a new position in FTAI Aviation in the second quarter valued at $33,000. Finally, Clear Harbor Asset Management LLC raised its position in shares of FTAI Aviation by 1.4% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 24,575 shares of the financial services provider's stock worth $3,266,000 after purchasing an additional 350 shares during the period. 88.96% of the stock is owned by institutional investors.
FTAI Aviation Trading Up 0.7 %
Shares of FTAI stock traded up $1.00 during mid-day trading on Thursday, reaching $150.02. The stock had a trading volume of 1,116,942 shares, compared to its average volume of 1,046,867. The firm has a market capitalization of $15.33 billion, a PE ratio of -1,490.05 and a beta of 2.04. The stock's 50-day moving average price is $133.82 and its two-hundred day moving average price is $108.06. FTAI Aviation Ltd. has a 52-week low of $39.60 and a 52-week high of $150.90.
FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The business's revenue was up 60.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, equities research analysts forecast that FTAI Aviation Ltd. will post 2.17 earnings per share for the current year.
FTAI Aviation Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.80%. FTAI Aviation's dividend payout ratio is presently -1,199.88%.
Analysts Set New Price Targets
Several analysts have commented on the stock. Benchmark upped their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Barclays boosted their price target on FTAI Aviation from $110.00 to $135.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Morgan Stanley restated an "underperform" rating on shares of FTAI Aviation in a research note on Friday, October 18th. BTIG Research started coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They issued a "buy" rating and a $140.00 price target for the company. Finally, Citigroup upped their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, FTAI Aviation has a consensus rating of "Moderate Buy" and a consensus target price of $162.09.
Check Out Our Latest Stock Analysis on FTAI
About FTAI Aviation
(
Free Report)
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.
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