Blueshift Asset Management LLC Takes $350,000 Position in FTAI Aviation Ltd. $FTAI

Blueshift Asset Management LLC acquired a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,043 shares of the financial services provider’s stock, valued at approximately $350,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FTAI. Advisors Capital Management LLC lifted its position in FTAI Aviation by 99.8% in the first quarter. Advisors Capital Management LLC now owns 158,531 shares of the financial services provider’s stock worth $17,602,000 after purchasing an additional 79,190 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of FTAI Aviation by 4.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 154,462 shares of the financial services provider’s stock worth $17,769,000 after buying an additional 6,709 shares in the last quarter. Maryland State Retirement & Pension System acquired a new stake in shares of FTAI Aviation in the second quarter valued at $570,000. Peregrine Capital Management LLC lifted its holdings in shares of FTAI Aviation by 1.8% in 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 buying an additional 1,632 shares during the period. Finally, Nicholas Hoffman & Company LLC. boosted its stake 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 buying an additional 3,000 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FTAI. JMP Securities increased their price objective on FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 6th. Wall Street Zen lowered FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday. BTIG Research reissued a “buy” rating and issued a $230.00 price target on shares of FTAI Aviation in a research note on Wednesday, November 19th. Finally, Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $201.11.

FTAI Aviation Stock Performance

Shares of FTAI opened at $170.99 on Thursday. The company has a market capitalization of $17.54 billion, a PE ratio of 39.04 and a beta of 1.56. The company’s 50 day moving average price is $167.91 and its 200 day moving average price is $146.06. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $194.36.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The firm had revenue of $667.06 million for the quarter, compared to analysts’ expectations of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The firm’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same period last year, the business earned $0.76 earnings per share. On average, equities analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

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

Insider Buying and Selling

In related news, COO David Moreno purchased 4,354 shares of FTAI Aviation stock in a transaction on Thursday, November 13th. The stock was bought at an average price of $153.89 per share, with a total value of $670,037.06. Following the completion of the transaction, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by insiders.

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.