FTAI Aviation Ltd. $FTAI Stake Increased by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd increased its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 461.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,595 shares of the financial services provider’s stock after buying an additional 30,895 shares during the quarter. FTAI Aviation accounts for approximately 1.2% of Catalyst Funds Management Pty Ltd’s holdings, making the stock its 11th biggest position. Catalyst Funds Management Pty Ltd’s holdings in FTAI Aviation were worth $4,325,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Royce & Associates LP grew its stake in FTAI Aviation by 97.9% during the 1st quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider’s stock valued at $45,661,000 after acquiring an additional 203,447 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of FTAI Aviation by 4.5% in the second quarter. Harbor Capital Advisors Inc. now owns 154,462 shares of the financial services provider’s stock worth $17,769,000 after purchasing an additional 6,709 shares in the last quarter. Maryland State Retirement & Pension System acquired a new stake in shares of FTAI Aviation during the second quarter worth approximately $570,000. Nicholas Hoffman & Company LLC. grew its position in FTAI Aviation by 150.0% during the first quarter. Nicholas Hoffman & Company LLC. now owns 5,000 shares of the financial services provider’s stock valued at $555,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Peregrine Capital Management LLC grew its position in FTAI Aviation by 1.8% during the second quarter. Peregrine Capital Management LLC now owns 91,373 shares of the financial services provider’s stock valued at $10,512,000 after purchasing an additional 1,632 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FTAI Aviation

In related news, COO David Moreno acquired 4,354 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average cost of $153.89 per share, with a total value of $670,037.06. Following the purchase, the chief operating officer owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

FTAI Aviation Stock Up 5.7%

Shares of FTAI opened at $164.99 on Thursday. The firm has a market cap of $16.92 billion, a price-to-earnings ratio of 37.67 and a beta of 1.67. The company’s fifty day moving average is $169.85 and its 200-day moving average is $142.27. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $194.36.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The business had revenue of $667.06 million during the quarter, compared to the consensus estimate of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The company’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. As a group, research analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. FTAI Aviation’s dividend payout ratio is currently 31.96%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FTAI shares. Barclays increased their target price on shares of FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of FTAI Aviation in a report on Thursday, November 13th. Royal Bank Of Canada lifted their price objective on FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Jones Trading began coverage on FTAI Aviation in a research note on Friday, October 10th. They issued a “buy” rating and a $306.00 target price on the stock. Finally, Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.11.

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.