FTAI Aviation Ltd. (NYSE:FTAI) Stock Holdings Lessened by Roubaix Capital LLC

Roubaix Capital LLC lowered its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 15.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,710 shares of the financial services provider's stock after selling 13,878 shares during the period. FTAI Aviation makes up approximately 5.5% of Roubaix Capital LLC's portfolio, making the stock its 2nd largest position. Roubaix Capital LLC owned approximately 0.07% of FTAI Aviation worth $9,929,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FTAI. Vanguard Group Inc. lifted its holdings in shares of FTAI Aviation by 6.3% during the first quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider's stock valued at $608,426,000 after purchasing an additional 533,381 shares in the last quarter. Capital International Investors bought a new position in shares of FTAI Aviation during the first quarter valued at $274,052,000. American Century Companies Inc. lifted its holdings in shares of FTAI Aviation by 1,923.5% during the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider's stock valued at $100,423,000 after purchasing an additional 924,730 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of FTAI Aviation by 1,488.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider's stock valued at $58,415,000 after purchasing an additional 813,311 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of FTAI Aviation by 14,553.9% during the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider's stock valued at $74,959,000 after purchasing an additional 560,179 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Down 7.5 %

FTAI traded down $10.86 during midday trading on Thursday, reaching $134.44. The company had a trading volume of 2,465,370 shares, compared to its average volume of 1,033,205. The business has a 50-day moving average of $131.88 and a two-hundred day moving average of $105.59. The company has a market cap of $13.48 billion, a P/E ratio of 61.39 and a beta of 2.04. FTAI Aviation Ltd. has a 1 year low of $36.25 and a 1 year high of $149.74.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. The firm had revenue of $465.80 million during the quarter, compared to analysts' expectations of $422.45 million. During the same quarter last year, the business posted $0.33 earnings per share. The firm's revenue was up 60.0% on a year-over-year basis. On average, equities research analysts predict that FTAI Aviation Ltd. will post 2.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FTAI. Jefferies Financial Group increased their target price on FTAI Aviation from $140.00 to $155.00 and gave the company a "buy" rating in a report on Monday, September 30th. Barclays increased their target price on FTAI Aviation from $80.00 to $110.00 and gave the company an "overweight" rating in a report on Thursday, August 8th. Royal Bank of Canada reissued a "buy" rating on shares of FTAI Aviation in a report on Friday, October 18th. Citigroup increased their target price on FTAI Aviation from $134.00 to $165.00 and gave the company a "buy" rating in a report on Monday. Finally, JMP Securities increased their target price on FTAI Aviation from $90.00 to $132.00 and gave the company a "market outperform" rating in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $144.64.

About FTAI Aviation

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.