Envestnet Asset Management Inc. Has $5.05 Million Stock Position in FTAI Aviation Ltd. $FTAI

Envestnet Asset Management Inc. trimmed its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 23.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,235 shares of the financial services provider’s stock after selling 9,067 shares during the period. Envestnet Asset Management Inc.’s holdings in FTAI Aviation were worth $5,045,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mather Group LLC. acquired a new position in FTAI Aviation in the 3rd quarter valued at approximately $28,000. Global Retirement Partners LLC lifted its stake in shares of FTAI Aviation by 880.0% in the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after buying an additional 308 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of FTAI Aviation by 15.8% during the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after buying an additional 87 shares during the period. GAMMA Investing LLC grew its stake in FTAI Aviation by 22.7% in the 3rd 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 last quarter. Finally, Farther Finance Advisors LLC raised its holdings in FTAI Aviation by 68.5% in 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup restated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Wolfe Research restated an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a research note on Wednesday, December 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Morgan Stanley upped 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. Finally, Citizens Jmp raised their price objective on shares of FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.22.

FTAI Aviation Price Performance

NASDAQ:FTAI opened at $289.74 on Monday. The firm has a market capitalization of $29.72 billion, a P/E ratio of 66.15 and a beta of 1.53. FTAI Aviation Ltd. has a one year low of $81.45 and a one year high of $310.00. The company’s 50-day simple moving average is $242.57 and its 200 day simple moving average is $192.02.

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.