Clearstead Trust LLC Purchases 2,390 Shares of FTAI Aviation Ltd. $FTAI

Clearstead Trust LLC boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 580.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,802 shares of the financial services provider’s stock after buying an additional 2,390 shares during the quarter. Clearstead Trust LLC’s holdings in FTAI Aviation were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in FTAI. Rubric Capital Management LP increased its holdings in FTAI Aviation by 28.3% in the 2nd 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. Ensign Peak Advisors Inc boosted its position in FTAI Aviation by 67.4% during the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after purchasing an additional 1,238,294 shares during the period. Frontier Capital Management Co. LLC increased its stake in shares of FTAI Aviation by 5.9% in the second quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider’s stock worth $246,718,000 after purchasing an additional 119,237 shares in the last quarter. Westfield Capital Management Co. LP raised its position in shares of FTAI Aviation by 1.2% in the second quarter. Westfield Capital Management Co. LP now owns 1,915,411 shares of the financial services provider’s stock valued at $220,349,000 after purchasing an additional 22,960 shares during the period. Finally, Norges Bank purchased a new stake in shares of FTAI Aviation during the 2nd quarter valued at approximately $142,012,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Up 0.3%

NASDAQ:FTAI opened at $289.74 on Monday. The stock has a market cap of $29.72 billion, a P/E ratio of 66.15 and a beta of 1.53. The business’s 50-day moving average price is $242.57 and its two-hundred day moving average price is $192.02. FTAI Aviation Ltd. has a twelve month low of $81.45 and a twelve month high of $310.00.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FTAI shares. Citizens Jmp lifted their price objective on shares of FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research note on Thursday, January 29th. Citigroup reaffirmed an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $350.00 price target on shares of FTAI Aviation in a research report on Monday, February 9th. Morgan Stanley boosted 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.