Cynosure Group LLC Invests $595,000 in FTAI Aviation Ltd. $FTAI

Cynosure Group LLC acquired a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,565 shares of the financial services provider’s stock, valued at approximately $595,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTAI. Advisors Capital Management LLC grew its position in FTAI Aviation by 99.8% during the 1st 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 last quarter. Diversified Trust Co purchased a new position in shares of FTAI Aviation in the third quarter worth $2,846,000. Harbor Capital Advisors Inc. lifted its stake in shares of FTAI Aviation by 4.5% during the second 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 during the period. Maryland State Retirement & Pension System purchased a new stake in shares of FTAI Aviation during the second quarter valued at $570,000. Finally, Peregrine Capital Management LLC grew its holdings in shares of 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 buying an additional 1,632 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FTAI shares. BTIG Research restated a “buy” rating and issued a $230.00 target price on shares of FTAI Aviation in a research note on Tuesday, December 30th. Barclays raised their price objective on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Wolfe Research reiterated an “outperform” rating and issued a $225.00 price target on shares of FTAI Aviation in a report on Wednesday. Finally, Jones Trading started coverage on shares of FTAI Aviation in a research note on Friday, October 10th. They set a “buy” rating and a $306.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.00.

Insiders Place Their Bets

In other news, COO David Moreno acquired 4,354 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average price of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the transaction, the chief operating officer owned 4,354 shares in the company, valued at approximately $670,037.06. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

FTAI Aviation Trading Up 6.9%

Shares of FTAI stock opened at $210.35 on Monday. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $210.62. The stock has a market cap of $21.58 billion, a P/E ratio of 48.03 and a beta of 1.54. The stock has a 50 day moving average of $171.27 and a 200 day moving average of $155.15.

FTAI Aviation (NASDAQ:FTAI) last released 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). The company had revenue of $667.06 million during 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 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 EPS. On average, research analysts predict 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. Investors of record on Monday, November 10th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.96%.

About FTAI Aviation

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.