FTAI Aviation Ltd. $FTAI Shares Sold by Clearstead Advisors LLC

Clearstead Advisors LLC lessened its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 65.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,046 shares of the financial services provider’s stock after selling 1,978 shares during the period. Clearstead Advisors LLC’s holdings in FTAI Aviation were worth $175,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Ensign Peak Advisors Inc lifted its holdings in shares of FTAI Aviation by 67.4% in 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 acquiring an additional 1,238,294 shares during the last quarter. Norges Bank purchased a new stake in FTAI Aviation in the second quarter valued at approximately $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in FTAI Aviation by 1,678.6% during 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 worth $131,208,000 after purchasing an additional 1,076,416 shares in the last quarter. Northern Right Capital Management L.P. boosted its position in shares of FTAI Aviation by 884.1% during the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after buying an additional 795,675 shares during the period. Finally, Rubric Capital Management LP boosted 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 buying an additional 749,080 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Trading Down 1.4%

Shares of FTAI Aviation stock opened at $305.80 on Friday. The company has a fifty day simple moving average of $255.98 and a 200-day simple moving average of $197.33. The stock has a market cap of $31.37 billion, a price-to-earnings ratio of 66.19 and a beta of 1.53. FTAI Aviation Ltd. has a 12-month low of $81.45 and a 12-month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $662.03 million during the quarter, compared to analyst estimates of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 337.39%. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. On average, analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FTAI has been the subject of several research reports. Citigroup reaffirmed an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Morgan Stanley raised their price objective on shares of FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Barclays upped their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $350.00 price target on shares of FTAI Aviation in a research report on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $292.22.

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.