Channing Capital Management LLC Sells 24,164 Shares of FTAI Aviation Ltd. $FTAI

Channing Capital Management LLC trimmed its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 28.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,582 shares of the financial services provider’s stock after selling 24,164 shares during the quarter. Channing Capital Management LLC owned approximately 0.06% of FTAI Aviation worth $10,109,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in shares of FTAI Aviation during the 3rd quarter worth approximately $28,000. Global Retirement Partners LLC lifted 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 valued at $57,000 after buying an additional 308 shares during the period. Assetmark Inc. boosted its stake in 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 acquiring an additional 87 shares during the last quarter. GAMMA Investing LLC grew its holdings in FTAI Aviation by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 97 shares during the period. Finally, Rossby Financial LCC raised its position in shares of FTAI Aviation by 13.6% during the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 65 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wolfe Research restated an “outperform” rating and issued a $225.00 price target on shares of FTAI Aviation in a research report on Wednesday, December 31st. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Jefferies Financial Group restated a “buy” rating and set a $350.00 target price on shares of FTAI Aviation in a research report on Monday, February 9th. Citizens Jmp increased their price target on shares of FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research report on Thursday, January 29th. Finally, Morgan Stanley lifted their price objective on shares of FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus target price of $282.22.

FTAI Aviation Price Performance

NASDAQ FTAI opened at $289.74 on Friday. FTAI Aviation Ltd. has a one year low of $81.45 and a one year high of $310.00. The firm has a market cap of $29.72 billion, a P/E ratio of 66.15 and a beta of 1.53. The stock’s 50-day moving average is $242.57 and its 200-day moving average is $191.64.

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.