FTAI Infrastructure (NASDAQ:FIP) Stock Rating Lowered by Wall Street Zen

FTAI Infrastructure (NASDAQ:FIP) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other research analysts have also commented on FIP. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Thursday, January 22nd. BTIG Research restated a “buy” rating and set a $10.00 price target on shares of FTAI Infrastructure in a research note on Friday, February 27th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.00.

FTAI Infrastructure Trading Down 4.3%

Shares of FTAI Infrastructure stock opened at $4.64 on Friday. FTAI Infrastructure has a 1 year low of $3.10 and a 1 year high of $7.93. The company’s fifty day simple moving average is $5.78 and its 200-day simple moving average is $5.15. The company has a market cap of $548.26 million, a price-to-earnings ratio of -2.02 and a beta of 1.86. The company has a current ratio of 1.18, a quick ratio of 0.25 and a debt-to-equity ratio of 110.28.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($1.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.65). The company had revenue of $143.52 million during the quarter, compared to the consensus estimate of $169.16 million. FTAI Infrastructure had a negative net margin of 31.93% and a negative return on equity of 147.01%.

Institutional Trading of FTAI Infrastructure

A number of large investors have recently bought and sold shares of the stock. Larson Financial Group LLC lifted its holdings in shares of FTAI Infrastructure by 6,941.7% during the fourth quarter. Larson Financial Group LLC now owns 8,098 shares of the company’s stock valued at $37,000 after acquiring an additional 7,983 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of FTAI Infrastructure by 12,129.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company’s stock worth $40,000 after purchasing an additional 9,097 shares during the last quarter. Optas LLC acquired a new stake in shares of FTAI Infrastructure during the 3rd quarter worth about $44,000. GSA Capital Partners LLP acquired a new stake in shares of FTAI Infrastructure during the 3rd quarter worth about $46,000. Finally, Xponance LLC bought a new position in FTAI Infrastructure during the 4th quarter valued at about $47,000. 87.43% of the stock is currently owned by institutional investors.

FTAI Infrastructure Company Profile

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.