Alps Advisors Inc. Makes New Investment in FTAI Aviation Ltd. $FTAI

Alps Advisors Inc. purchased a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,840 shares of the financial services provider’s stock, valued at approximately $1,475,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mather Group LLC. acquired a new position in FTAI Aviation in the 3rd quarter valued at $28,000. Global Retirement Partners LLC boosted its holdings in FTAI Aviation by 880.0% during the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 308 shares during the period. Assetmark Inc. grew its position in shares of FTAI Aviation by 15.8% in the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 87 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of FTAI Aviation by 22.7% in the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 97 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of FTAI Aviation by 3,692.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 948 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 923 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other FTAI Aviation news, COO David Moreno purchased 4,354 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average cost of $153.89 per share, with a total value of $670,037.06. Following the completion of the acquisition, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at $670,037.06. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FTAI. Wolfe Research reiterated an “outperform” rating and set a $225.00 price target on shares of FTAI Aviation in a report on Wednesday, December 31st. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. BTIG Research raised their price objective on FTAI Aviation from $230.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $274.50.

FTAI Aviation Stock Performance

Shares of FTAI opened at $267.80 on Wednesday. The company has a market cap of $27.47 billion, a price-to-earnings ratio of 61.14 and a beta of 1.53. The stock has a fifty day moving average price of $226.00 and a two-hundred day moving average price of $183.66. FTAI Aviation Ltd. has a 52-week low of $81.45 and a 52-week high of $310.00.

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.