Quantbot Technologies LP Invests $6 Million in FTAI Aviation Ltd. (NYSE:FTAI)

Quantbot Technologies LP acquired a new stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 45,126 shares of the financial services provider's stock, valued at approximately $5,997,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FTAI. Brown Brothers Harriman & Co. purchased a new stake in shares of FTAI Aviation during the 3rd quarter worth $26,000. Harvest Fund Management Co. Ltd raised its stake in FTAI Aviation by 37.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 9,973 shares of the financial services provider's stock valued at $1,325,000 after buying an additional 2,705 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in FTAI Aviation by 87.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider's stock worth $220,618,000 after buying an additional 773,017 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of FTAI Aviation during the 3rd quarter worth about $669,000. Finally, Citigroup Inc. boosted its position in shares of FTAI Aviation by 4,184.5% during the 3rd quarter. Citigroup Inc. now owns 118,778 shares of the financial services provider's stock worth $15,786,000 after acquiring an additional 121,686 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

FTAI Aviation stock traded down $5.61 during trading hours on Wednesday, reaching $166.35. 227,298 shares of the stock were exchanged, compared to its average volume of 1,039,773. The stock has a market cap of $17.06 billion, a P/E ratio of -1,671.33 and a beta of 2.04. The firm's 50 day moving average is $146.10 and its 200 day moving average is $117.15. FTAI Aviation Ltd. has a 52-week low of $40.29 and a 52-week high of $177.18.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 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 net margin of 1.59% and a return on equity of 206.25%. FTAI Aviation's revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. Equities research analysts expect that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.72%. The ex-dividend date was Thursday, November 14th. FTAI Aviation's payout ratio is -1,199.88%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FTAI shares. Morgan Stanley restated an "underperform" rating on shares of FTAI Aviation in a research note on Friday, October 18th. Compass Point raised their price objective on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a "buy" rating in a report on Friday, September 27th. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Finally, 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 objective for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, FTAI Aviation has an average rating of "Moderate Buy" and an average target price of $162.09.

FTAI Aviation 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.