Keybank National Association OH Purchases New Position in FTAI Aviation Ltd. $FTAI

Keybank National Association OH acquired a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,062 shares of the financial services provider’s stock, valued at approximately $511,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Rubric Capital Management LP increased its position in shares of FTAI Aviation by 28.3% during the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after purchasing an additional 749,080 shares during the last quarter. Ensign Peak Advisors Inc boosted its stake in FTAI Aviation by 67.4% during the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after buying an additional 1,238,294 shares during the period. Frontier Capital Management Co. LLC increased its position in FTAI Aviation by 5.9% during the second quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider’s stock valued at $246,718,000 after acquiring an additional 119,237 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in shares of FTAI Aviation by 1.2% in the second quarter. Westfield Capital Management Co. LP now owns 1,915,411 shares of the financial services provider’s stock valued at $220,349,000 after acquiring an additional 22,960 shares during the period. Finally, Norges Bank bought a new stake in shares of FTAI Aviation in the 2nd quarter worth about $142,012,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on FTAI. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Morgan Stanley increased their price target on FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Wolfe Research reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of FTAI Aviation in a research report on Wednesday, December 31st. Finally, Royal Bank Of Canada lifted their target price on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $266.11.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, COO David Moreno bought 4,354 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the acquisition, the chief operating officer directly owned 4,354 shares in the company, valued at approximately $670,037.06. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.

FTAI Aviation Stock Down 2.0%

FTAI opened at $259.11 on Friday. The stock’s fifty day moving average is $219.89 and its two-hundred day moving average is $179.36. The company has a market capitalization of $26.58 billion, a P/E ratio of 59.16 and a beta of 1.53. FTAI Aviation Ltd. has a 52 week low of $81.45 and a 52 week high of $310.00.

FTAI Aviation Company 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.