Cannon Global Investment Management LLC Purchases New Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Cannon Global Investment Management LLC bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,400 shares of the financial services provider's stock, valued at approximately $1,116,000. FTAI Aviation comprises 1.8% of Cannon Global Investment Management LLC's investment portfolio, making the stock its 11th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors acquired a new position in FTAI Aviation in the 1st quarter valued at about $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 worth $100,423,000 after purchasing an additional 924,730 shares during the period. Price T Rowe Associates Inc. MD grew its position in FTAI Aviation by 1,488.2% in the 1st 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 buying an additional 813,311 shares during the last quarter. International Assets Investment Management LLC increased its stake in FTAI Aviation by 14,553.9% in the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider's stock valued at $74,959,000 after buying an additional 560,179 shares during the period. Finally, Vanguard Group Inc. raised its position in FTAI Aviation by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider's stock worth $608,426,000 after buying an additional 533,381 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Price Performance

FTAI traded up $8.02 during midday trading on Friday, reaching $142.46. 2,497,481 shares of the company's stock were exchanged, compared to its average volume of 1,166,260. The business's 50-day moving average price is $132.60 and its 200 day moving average price is $106.53. The stock has a market capitalization of $14.56 billion, a PE ratio of -1,424.46 and a beta of 2.04. FTAI Aviation Ltd. has a 1-year low of $38.57 and a 1-year high of $149.74.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its 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 during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. The company's revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. As a group, analysts expect that FTAI Aviation Ltd. will post 2.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FTAI has been the topic of several analyst reports. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and lifted their target price for the company from $69.00 to $132.00 in a report on Friday, July 26th. Compass Point upped their price objective on FTAI Aviation from $118.00 to $156.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft increased their price objective on FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Barclays boosted their target price on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Morgan Stanley reiterated an "underperform" rating on shares of FTAI Aviation in a report on Friday, October 18th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $162.09.

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.