Proficio Capital Partners LLC purchased a new position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,988 shares of the financial services provider's stock, valued at approximately $2,303,000.
Several other hedge funds have also made changes to their positions in the stock. Orion Portfolio Solutions LLC lifted its holdings in shares of FTAI Aviation by 2.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider's stock worth $483,000 after purchasing an additional 102 shares during the last quarter. Merit Financial Group LLC increased its position in FTAI Aviation by 2.5% in the 4th quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider's stock valued at $613,000 after acquiring an additional 105 shares during the period. MML Investors Services LLC increased its position in FTAI Aviation by 6.3% in the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider's stock valued at $288,000 after acquiring an additional 129 shares during the period. CIBC Asset Management Inc increased its position in FTAI Aviation by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider's stock valued at $488,000 after acquiring an additional 147 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in FTAI Aviation by 7.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider's stock valued at $346,000 after acquiring an additional 161 shares during the period. Institutional investors own 88.96% of the company's stock.
FTAI Aviation Trading Up 0.5 %
Shares of NYSE FTAI traded up $0.53 during mid-day trading on Friday, reaching $107.23. The company had a trading volume of 1,451,149 shares, compared to its average volume of 1,596,869. The stock has a market cap of $11.00 billion, a PE ratio of -1,072.19 and a beta of 2.06. The company has a 50-day moving average price of $113.51 and a two-hundred day moving average price of $133.00. FTAI Aviation Ltd. has a 1-year low of $64.04 and a 1-year high of $181.64.
FTAI Aviation Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, March 14th. FTAI Aviation's payout ratio is -342.86%.
Wall Street Analysts Forecast Growth
FTAI has been the topic of several analyst reports. BTIG Research raised their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Wolfe Research upgraded FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price on the stock in a research report on Friday, January 10th. Stifel Nicolaus restated a "hold" rating and issued a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Royal Bank of Canada restated an "outperform" rating and issued a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Finally, StockNews.com upgraded FTAI Aviation to a "sell" rating in a research report on Saturday, March 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $173.67.
Check Out Our Latest Stock Analysis on FTAI
FTAI Aviation Company Profile
(
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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