FNY Investment Advisers LLC Invests $1.32 Million in FTAI Aviation Ltd. $FTAI

FNY Investment Advisers LLC acquired a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,720 shares of the financial services provider’s stock, valued at approximately $1,322,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rossby Financial LCC boosted its position in FTAI Aviation by 13.6% during the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 65 shares during the period. Assetmark Inc. raised its position in shares of FTAI Aviation by 11.0% in the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 70 shares during the period. CWM LLC raised its position in shares of FTAI Aviation by 6.8% in the third quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 74 shares during the period. Brookstone Capital Management lifted its stake in shares of FTAI Aviation by 2.5% during the 3rd quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider’s stock valued at $515,000 after buying an additional 75 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in shares of FTAI Aviation by 3.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock valued at $374,000 after buying an additional 76 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Trading Down 2.9%

FTAI Aviation stock opened at $242.69 on Friday. The company has a debt-to-equity ratio of 10.32, a quick ratio of 2.30 and a current ratio of 5.28. FTAI Aviation Ltd. has a fifty-two week low of $81.45 and a fifty-two week high of $323.51. The stock has a market cap of $24.89 billion, a P/E ratio of 52.53, a PEG ratio of 0.94 and a beta of 1.59. The firm’s fifty day moving average price is $267.46 and its 200-day moving average price is $213.40.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The business had revenue of $662.03 million for the quarter, compared to the consensus estimate of $710.37 million. During the same period in the prior year, the business posted $0.84 EPS. FTAI Aviation’s quarterly revenue was up 32.7% on a year-over-year basis. Equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 13th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, March 13th. FTAI Aviation’s dividend payout ratio (DPR) is 34.63%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $350.00 price target on shares of FTAI Aviation in a report on Monday, February 9th. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. BTIG Research boosted their price objective on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Finally, Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.78.

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.