Cibc World Market Inc. Invests $763,000 in FTAI Aviation Ltd. $FTAI

Cibc World Market Inc. purchased a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,570 shares of the financial services provider’s stock, valued at approximately $763,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ensign Peak Advisors Inc increased its stake in shares of FTAI Aviation by 67.4% in the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after buying an additional 1,238,294 shares in the last quarter. Norges Bank bought a new stake in FTAI Aviation during the 2nd quarter worth about $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in FTAI Aviation by 1,678.6% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,140,542 shares of the financial services provider’s stock valued at $131,208,000 after acquiring an additional 1,076,416 shares in the last quarter. Northern Right Capital Management L.P. increased its position in FTAI Aviation by 884.1% in the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after acquiring an additional 795,675 shares in the last quarter. Finally, Rubric Capital Management LP raised its stake in shares of FTAI Aviation by 28.3% in 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 acquiring an additional 749,080 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Stock Up 2.1%

NASDAQ:FTAI opened at $285.75 on Wednesday. FTAI Aviation Ltd. has a 12-month low of $81.45 and a 12-month high of $310.00. The stock’s fifty day simple moving average is $236.07 and its 200-day simple moving average is $188.86. The firm has a market capitalization of $29.31 billion, a P/E ratio of 65.24 and a beta of 1.53.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Royal Bank Of Canada boosted their target price on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Wall Street Zen lowered FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $350.00 price objective on shares of FTAI Aviation in a research report on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $282.22.

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.