Bar Harbor Wealth Management Purchases New Shares in FTAI Aviation Ltd. $FTAI

Bar Harbor Wealth Management purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 61,062 shares of the financial services provider’s stock, valued at approximately $10,189,000. Bar Harbor Wealth Management owned 0.06% of FTAI Aviation as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Parallel Advisors LLC grew its position in shares of FTAI Aviation by 78.5% during 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. Armstrong Advisory Group Inc. bought a new stake in shares of FTAI Aviation in the second quarter valued at approximately $60,000. GAMMA Investing LLC boosted its stake in shares of FTAI Aviation by 22.7% in the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock valued at $88,000 after buying an additional 97 shares during the period. Assetmark Inc. grew its position in FTAI Aviation by 15.8% during the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after buying an additional 87 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in FTAI Aviation by 68.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 721 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 293 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Trading Up 0.6%

Shares of NASDAQ FTAI opened at $173.26 on Thursday. The company has a market cap of $17.77 billion, a price-to-earnings ratio of 39.56 and a beta of 1.56. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $194.36. The stock has a 50-day moving average price of $169.21 and a two-hundred day moving average price of $151.75.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly 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). The company had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The company’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. On average, sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FTAI. BTIG Research reiterated a “buy” rating and set a $230.00 target price on shares of FTAI Aviation in a research report on Wednesday, November 19th. Wall Street Zen downgraded FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Zacks Research cut shares of FTAI Aviation from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th. Barclays raised their target price 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of FTAI Aviation in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.63.

Insider Activity

In other news, COO David Moreno purchased 4,354 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of $153.89 per share, for a total transaction 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

FTAI Aviation Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.