FTAI Aviation Ltd. (NYSE:FTAI) Stock Position Boosted by Verition Fund Management LLC

Verition Fund Management LLC increased its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 379.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,497 shares of the financial services provider's stock after acquiring an additional 16,219 shares during the quarter. Verition Fund Management LLC's holdings in FTAI Aviation were worth $2,724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of FTAI Aviation by 1,923.5% in the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider's stock valued at $100,423,000 after buying an additional 924,730 shares during the last quarter. Westfield Capital Management Co. LP lifted its position 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 acquiring an additional 773,017 shares during the period. International Assets Investment Management LLC grew its stake in shares of 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 purchasing an additional 560,179 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of FTAI Aviation by 229.9% during the third quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider's stock worth $50,530,000 after purchasing an additional 264,971 shares during the last quarter. Finally, Vantage Investment Partners LLC acquired a new stake in shares of FTAI Aviation during the third quarter worth $32,769,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FTAI shares. Deutsche Bank Aktiengesellschaft increased their target price on FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Jefferies Financial Group raised their target price on FTAI Aviation from $140.00 to $155.00 and gave the company a "buy" rating in a report on Monday, September 30th. Citigroup upped their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Royal Bank of Canada reiterated an "outperform" rating and issued a $160.00 price objective on shares of FTAI Aviation in a research note on Friday, November 1st. Finally, BTIG Research began coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They set a "buy" rating and a $140.00 target price on the stock. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, FTAI Aviation has an average rating of "Moderate Buy" and an average price target of $166.18.

FTAI Aviation Stock Down 3.3 %

Shares of NYSE FTAI traded down $5.50 on Thursday, hitting $159.43. The company had a trading volume of 495,909 shares, compared to its average volume of 1,037,662. The firm has a market capitalization of $16.35 billion, a P/E ratio of -1,649.14 and a beta of 2.06. FTAI Aviation Ltd. has a 12-month low of $41.37 and a 12-month high of $177.18. The business has a 50 day moving average of $150.41 and a two-hundred day moving average of $120.53.

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). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The firm's revenue was up 60.0% on a year-over-year basis. On average, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.75%. FTAI Aviation's payout ratio is currently -1,199.88%.

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.