Biltmore Family Office LLC Sells 4,545 Shares of FTAI Aviation Ltd. $FTAI

Biltmore Family Office LLC lowered its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,096 shares of the financial services provider’s stock after selling 4,545 shares during the period. FTAI Aviation makes up 1.0% of Biltmore Family Office LLC’s investment portfolio, making the stock its 17th largest position. Biltmore Family Office LLC’s holdings in FTAI Aviation were worth $6,690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. AQR Capital Management LLC purchased a new stake in FTAI Aviation in the first quarter valued at approximately $242,000. Parallel Advisors LLC increased its holdings in shares of FTAI Aviation by 78.5% in the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock worth $35,000 after buying an additional 135 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of FTAI Aviation by 9,130.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 31,939 shares of the financial services provider’s stock worth $3,674,000 after buying an additional 31,593 shares during the last quarter. Janney Capital Management LLC purchased a new stake in shares of FTAI Aviation during the 2nd quarter valued at $360,000. Finally, QRG Capital Management Inc. bought a new stake in shares of FTAI Aviation during the 2nd quarter worth $204,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

NASDAQ:FTAI opened at $292.10 on Friday. FTAI Aviation Ltd. has a fifty-two week low of $81.45 and a fifty-two week high of $310.00. The firm has a market cap of $29.96 billion, a PE ratio of 66.69 and a beta of 1.54. The business has a 50 day moving average price of $199.42 and a 200-day moving average price of $169.62.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The firm had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. During the same quarter in the prior year, the company earned $0.76 earnings per share. The company’s quarterly revenue was up 43.2% compared to the same quarter last year. Research analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.96%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays increased their target price on FTAI Aviation from $200.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Royal Bank Of Canada increased their price objective on FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 29th. BTIG Research upped their target price on FTAI Aviation from $230.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Morgan Stanley increased their price target on shares of FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $240.00.

Insider Activity

In other FTAI Aviation news, COO David Moreno bought 4,354 shares of FTAI Aviation stock in a transaction dated Thursday, November 13th. The shares were purchased at an average cost of $153.89 per share, with a total value of $670,037.06. Following the completion of the purchase, the chief operating officer owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

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.