FTAI Aviation Ltd. $FTAI is Advantage Alpha Capital Partners LP’s Largest Position

Advantage Alpha Capital Partners LP trimmed its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 37.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,389 shares of the financial services provider’s stock after selling 53,419 shares during the period. FTAI Aviation accounts for about 2.7% of Advantage Alpha Capital Partners LP’s holdings, making the stock its biggest holding. Advantage Alpha Capital Partners LP owned 0.09% of FTAI Aviation worth $10,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtus Advisers LLC purchased a new stake in FTAI Aviation during the 1st quarter valued at about $29,000. Parallel Advisors LLC lifted its stake in FTAI Aviation by 78.5% in the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of FTAI Aviation during the 1st quarter worth approximately $53,000. Armstrong Advisory Group Inc. purchased a new stake in shares of FTAI Aviation in the second quarter valued at approximately $60,000. Finally, Assetmark Inc. increased its holdings in shares of FTAI Aviation by 15.8% in the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 87 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FTAI has been the topic of a number of recent research reports. Royal Bank Of Canada boosted their price objective on FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. BTIG Research reissued a “buy” rating and set a $230.00 price target on shares of FTAI Aviation in a research report on Wednesday, November 19th. Barclays upped their price objective on shares of FTAI Aviation from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. JMP Securities lifted their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 6th. Finally, Jones Trading assumed coverage on shares of FTAI Aviation in a report on Friday, October 10th. They issued a “buy” rating and a $306.00 target price on the stock. One 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.11.

FTAI Aviation Price Performance

Shares of FTAI opened at $170.11 on Friday. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $194.36. The stock has a market cap of $17.45 billion, a PE ratio of 38.84 and a beta of 1.67. The firm has a 50-day simple moving average of $168.68 and a two-hundred day simple moving average of $144.38.

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

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.96%.

Insider Buying and Selling at FTAI Aviation

In other 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 purchased at an average price of $153.89 per share, for a total transaction of $670,037.06. Following the acquisition, the chief operating officer owned 4,354 shares of the company’s stock, valued at $670,037.06. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

FTAI Aviation Company 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.