Pingora Partners LLC Sells 27,850 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Pingora Partners LLC decreased its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,721 shares of the financial services provider's stock after selling 27,850 shares during the quarter. FTAI Aviation makes up approximately 28.5% of Pingora Partners LLC's holdings, making the stock its biggest holding. Pingora Partners LLC owned 0.29% of FTAI Aviation worth $43,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of FTAI. Capital International Investors increased its stake in shares of FTAI Aviation by 39.7% in the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock valued at $1,537,940,000 after purchasing an additional 3,034,838 shares during the period. Vanguard Group Inc. increased its stake in shares of FTAI Aviation by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock valued at $1,519,325,000 after purchasing an additional 184,730 shares during the period. Hood River Capital Management LLC increased its stake in shares of FTAI Aviation by 8.0% in the fourth quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock valued at $298,137,000 after purchasing an additional 153,909 shares during the period. Norges Bank acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $183,688,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $174,372,000. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Stock Up 3.2 %

NYSE:FTAI traded up $3.38 during trading hours on Monday, reaching $108.22. 1,161,894 shares of the company's stock were exchanged, compared to its average volume of 1,705,892. The company has a market capitalization of $11.10 billion, a P/E ratio of -1,082.09 and a beta of 1.79. FTAI Aviation Ltd. has a 12 month low of $69.93 and a 12 month high of $181.64. The business's 50-day simple moving average is $107.86 and its two-hundred day simple moving average is $127.75.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation's dividend payout ratio is -342.86%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FTAI. Stifel Nicolaus restated a "hold" rating and issued a $123.00 price target (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. BTIG Research increased their price objective on shares of 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 shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a report on Friday, January 10th. Morgan Stanley decreased their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $172.83.

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.