Penserra Capital Management LLC Takes $460,000 Position in FTAI Aviation Ltd. $FTAI

Penserra Capital Management LLC purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,762 shares of the financial services provider’s stock, valued at approximately $460,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc grew its position in shares of 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 acquiring an additional 1,238,294 shares during the last quarter. Norges Bank purchased a new position in FTAI Aviation during the 2nd quarter worth $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in FTAI Aviation by 1,678.6% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,140,542 shares of the financial services provider’s stock valued at $131,208,000 after purchasing an additional 1,076,416 shares during the period. Northern Right Capital Management L.P. raised its holdings in shares of FTAI Aviation by 884.1% in the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after buying an additional 795,675 shares during the last quarter. Finally, Rubric Capital Management LP boosted its stake in shares of FTAI Aviation by 28.3% during the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after buying an additional 749,080 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Insider Activity

In related news, COO David Moreno acquired 4,354 shares of FTAI Aviation stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the purchase, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

FTAI Aviation Stock Performance

NASDAQ:FTAI opened at $272.61 on Monday. The stock has a fifty day moving average price of $221.88 and a two-hundred day moving average price of $181.44. The stock has a market capitalization of $27.96 billion, a price-to-earnings ratio of 62.24 and a beta of 1.53. FTAI Aviation Ltd. has a 1 year low of $81.45 and a 1 year high of $310.00.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FTAI shares. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Royal Bank Of Canada increased their price target on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Wall Street Zen cut shares of FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Morgan Stanley raised their target price on shares of FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $266.11.

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.