Artisan Partners Limited Partnership Has $190.81 Million Stock Position in FTAI Aviation Ltd. $FTAI

Artisan Partners Limited Partnership lessened its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 11.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,143,520 shares of the financial services provider’s stock after selling 148,647 shares during the quarter. Artisan Partners Limited Partnership owned 1.11% of FTAI Aviation worth $190,808,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FTAI. Rubric Capital Management LP raised its position 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 purchasing an additional 749,080 shares during the period. Ensign Peak Advisors Inc increased its stake in FTAI Aviation by 67.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after purchasing an additional 1,238,294 shares in the last quarter. Frontier Capital Management Co. LLC raised its holdings in FTAI Aviation by 5.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider’s stock worth $246,718,000 after buying an additional 119,237 shares during the period. Westfield Capital Management Co. LP raised its holdings in FTAI Aviation by 11.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,130,241 shares of the financial services provider’s stock worth $355,452,000 after buying an additional 214,830 shares during the period. Finally, Norges Bank bought a new position in FTAI Aviation in the second quarter valued at approximately $142,012,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FTAI has been the subject of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Royal Bank Of Canada increased their target price on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Barclays lifted their price target on FTAI Aviation from $200.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Morgan Stanley upped their price objective on FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $350.00 price objective on shares of FTAI Aviation in a report on Monday, February 9th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $282.22.

FTAI Aviation Trading Up 2.7%

NASDAQ FTAI opened at $310.04 on Friday. FTAI Aviation Ltd. has a 12 month low of $81.45 and a 12 month high of $323.51. The stock has a 50 day moving average of $253.24 and a 200-day moving average of $195.78. The company has a market cap of $31.80 billion, a PE ratio of 67.11 and a beta of 1.53.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $662.03 million for the quarter, compared to analyst estimates of $710.37 million. FTAI Aviation had a return on equity of 337.39% and a net margin of 19.98%.FTAI Aviation’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. As a group, sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

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.