Rhumbline Advisers Sells 3,230 Shares of FTAI Aviation Ltd. $FTAI

Rhumbline Advisers cut its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,682 shares of the financial services provider’s stock after selling 3,230 shares during the period. Rhumbline Advisers owned 0.11% of FTAI Aviation worth $18,802,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FTAI. Mather Group LLC. purchased a new position in shares of FTAI Aviation in the 3rd quarter valued at approximately $28,000. Global Retirement Partners LLC raised its holdings in FTAI Aviation by 880.0% in the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 308 shares in the last quarter. Assetmark Inc. raised its holdings in FTAI Aviation by 15.8% in the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 87 shares in the last quarter. GAMMA Investing LLC lifted its position in FTAI Aviation by 22.7% during the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock valued at $88,000 after buying an additional 97 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings 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 valued at $109,000 after buying an additional 923 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 target price on shares of FTAI Aviation in a research note on Monday, February 9th. Barclays lifted their target price on shares of FTAI Aviation from $200.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Wall Street Zen downgraded FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Morgan Stanley lifted their price objective on FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $282.22.

FTAI Aviation Stock Up 2.1%

Shares of FTAI opened at $285.75 on Wednesday. The company has a market capitalization of $29.31 billion, a P/E ratio of 65.24 and a beta of 1.53. FTAI Aviation Ltd. has a twelve month low of $81.45 and a twelve month high of $310.00. The firm has a 50 day moving average of $236.07 and a 200 day moving average of $188.86.

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.