FTAI Infrastructure (NASDAQ:FIP) Earns Market Outperform Rating from JMP Securities

FTAI Infrastructure (NASDAQ:FIP)‘s stock had its “market outperform” rating restated by stock analysts at JMP Securities in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $12.00 price target on the stock. JMP Securities’ price target would indicate a potential upside of 206.12% from the company’s current price.

FTAI Infrastructure Trading Up 3.4 %

Shares of FIP stock opened at $3.92 on Tuesday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. FTAI Infrastructure has a fifty-two week low of $3.10 and a fifty-two week high of $10.46. The company has a market cap of $446.65 million, a PE ratio of -1.98 and a beta of 1.69. The stock’s fifty day moving average price is $4.72 and its two-hundred day moving average price is $6.91.

Hedge Funds Weigh In On FTAI Infrastructure

A number of institutional investors have recently added to or reduced their stakes in FIP. Hood River Capital Management LLC grew its stake in shares of FTAI Infrastructure by 32.7% during the fourth quarter. Hood River Capital Management LLC now owns 5,891,840 shares of the company’s stock worth $42,775,000 after buying an additional 1,452,567 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in FTAI Infrastructure during the 4th quarter worth $5,938,000. Capital International Investors increased its holdings in FTAI Infrastructure by 17.0% in the 4th quarter. Capital International Investors now owns 5,345,350 shares of the company’s stock worth $38,807,000 after purchasing an additional 778,376 shares in the last quarter. Vanguard Group Inc. raised its position in FTAI Infrastructure by 12.6% in the fourth quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company’s stock valued at $47,463,000 after purchasing an additional 730,895 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of FTAI Infrastructure by 49.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,081,888 shares of the company’s stock valued at $15,115,000 after purchasing an additional 687,413 shares in the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.