Citigroup Inc. Buys 121,501 Shares of FTAI Aviation Ltd. $FTAI

Citigroup Inc. increased its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 130.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,359 shares of the financial services provider’s stock after buying an additional 121,501 shares during the quarter. Citigroup Inc. owned 0.21% of FTAI Aviation worth $35,768,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FTAI. Mather Group LLC. purchased a new position in FTAI Aviation during the 3rd quarter worth $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 worth $57,000 after purchasing an additional 308 shares during the last quarter. Assetmark Inc. grew its position in FTAI Aviation by 15.8% in the 2nd 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 increased its stake in FTAI Aviation by 22.7% in the 3rd 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 last quarter. Finally, Rossby Financial LCC lifted 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 worth $94,000 after buying an additional 65 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley upped their target price on FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. BTIG Research boosted 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. Royal Bank Of Canada raised their target price on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Citizens Jmp boosted their price target on shares of FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a report on Thursday, January 29th. Finally, Citigroup restated an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $282.22.

FTAI Aviation Stock Up 6.9%

FTAI opened at $303.93 on Wednesday. The firm has a 50-day moving average price of $247.55 and a 200-day moving average price of $194.23. FTAI Aviation Ltd. has a twelve month low of $81.45 and a twelve month high of $310.00. The company has a market capitalization of $31.17 billion, a price-to-earnings ratio of 69.39 and a beta of 1.53.

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.