Castleark Management LLC Lowers Holdings in FTAI Aviation Ltd. $FTAI

Castleark Management LLC decreased its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 95.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,156 shares of the financial services provider’s stock after selling 23,928 shares during the quarter. Castleark Management LLC’s holdings in FTAI Aviation were worth $133,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Townsquare Capital LLC bought a new stake in shares of FTAI Aviation in the 1st quarter worth about $420,000. Ethos Financial Group LLC bought a new stake in shares of FTAI Aviation during the first quarter worth $239,000. Wellington Management Group LLP boosted its position in FTAI Aviation by 159.6% in the 1st quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock valued at $260,658,000 after buying an additional 1,443,440 shares during the period. Maven Securities LTD purchased a new stake in shares of FTAI Aviation in the first quarter valued at approximately $341,000. Finally, EntryPoint Capital LLC bought a new position in shares of FTAI Aviation during the 1st quarter worth $541,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

FTAI stock opened at $170.69 on Tuesday. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $194.36. The firm’s fifty day moving average is $169.34 and its 200 day moving average is $149.69. The firm has a market cap of $17.51 billion, a PE ratio of 38.97 and a beta of 1.56.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share (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 firm had revenue of $667.06 million for the quarter, compared to analysts’ expectations of $662.51 million. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s revenue was up 43.2% compared to the same quarter last year. Research analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Jones Trading initiated coverage on FTAI Aviation in a report on Friday, October 10th. They set a “buy” rating and a $306.00 target price for the company. Zacks Research downgraded FTAI Aviation from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 1st. Morgan Stanley boosted their target price on FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Finally, Royal Bank Of Canada increased their price target on FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $201.11.

Insider Buying and Selling at FTAI Aviation

In related news, COO David Moreno purchased 4,354 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average price 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 $670,037.06. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

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.