Quantessence Capital LLC Makes New Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Quantessence Capital LLC purchased a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,705 shares of the financial services provider's stock, valued at approximately $822,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FTAI. Merit Financial Group LLC grew its stake in shares of FTAI Aviation by 2.5% in the fourth quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider's stock worth $613,000 after purchasing an additional 105 shares during the last quarter. MML Investors Services LLC raised its position in shares of FTAI Aviation by 6.3% during the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider's stock worth $288,000 after acquiring an additional 129 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of FTAI Aviation by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider's stock worth $488,000 after acquiring an additional 147 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of FTAI Aviation by 7.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider's stock worth $346,000 after acquiring an additional 161 shares during the period. Finally, Private Trust Co. NA boosted its holdings in FTAI Aviation by 221.1% in the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 168 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Down 6.1 %

FTAI opened at $87.35 on Tuesday. The company has a market capitalization of $8.96 billion, a PE ratio of -873.41 and a beta of 1.79. FTAI Aviation Ltd. has a 52 week low of $68.50 and a 52 week high of $181.64. The firm has a 50-day simple moving average of $109.41 and a two-hundred day simple moving average of $129.28.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were given a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.37%. FTAI Aviation's dividend payout ratio is currently -342.86%.

Analysts Set New Price Targets

FTAI has been the subject of a number of analyst reports. BTIG Research lifted 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 raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target on the stock in a report on Friday, January 10th. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a report on Saturday, March 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Finally, Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.

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