FTAI Aviation Ltd. (NYSE:FTAI) is Watchtower Advisors LP's 5th Largest Position

Watchtower Advisors LP lifted its position in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 185.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,000 shares of the financial services provider's stock after buying an additional 100,674 shares during the quarter. FTAI Aviation comprises approximately 9.5% of Watchtower Advisors LP's holdings, making the stock its 5th biggest position. Watchtower Advisors LP owned approximately 0.15% of FTAI Aviation worth $20,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Two Sigma Advisers LP lifted its position in shares of FTAI Aviation by 10.0% in the third quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider's stock valued at $139,359,000 after buying an additional 95,200 shares during the last quarter. State Street Corp raised its stake in FTAI Aviation by 1.7% in the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider's stock valued at $308,999,000 after acquiring an additional 38,279 shares during the period. Stifel Financial Corp lifted its holdings in FTAI Aviation by 12.7% during the 3rd quarter. Stifel Financial Corp now owns 49,352 shares of the financial services provider's stock valued at $6,559,000 after purchasing an additional 5,554 shares during the last quarter. Pinnacle Family Advisors LLC bought a new position in FTAI Aviation during the third quarter worth $223,000. Finally, Polar Asset Management Partners Inc. increased its holdings in shares of FTAI Aviation by 1,086.3% in the third quarter. Polar Asset Management Partners Inc. now owns 100,600 shares of the financial services provider's stock valued at $13,370,000 after purchasing an additional 110,800 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 0.8 %

NYSE FTAI traded down $1.24 during trading on Friday, hitting $157.11. 1,698,940 shares of the company's stock were exchanged, compared to its average volume of 1,040,137. The stock's 50 day moving average price is $151.05 and its two-hundred day moving average price is $120.80. FTAI Aviation Ltd. has a fifty-two week low of $41.45 and a fifty-two week high of $177.18. The company has a market cap of $16.11 billion, a PE ratio of -1,583.34 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The company had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. During the same period in the previous year, the firm posted $0.33 EPS. The business's quarterly revenue was up 60.0% compared to the same quarter last year. Analysts forecast that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Thursday, November 14th. FTAI Aviation's dividend payout ratio is currently -1,199.88%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BTIG Research assumed coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They set a "buy" rating and a $140.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group upped their target price on FTAI Aviation from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Benchmark lifted their price target on FTAI Aviation from $150.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Compass Point increased their price objective on FTAI Aviation from $118.00 to $156.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $166.18.

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.