FTAI Infrastructure (NASDAQ:FIP) Raised to Sell at Wall Street Zen

Key Points

• Wall Street Zen raised FTAI Infrastructure from “strong sell” to “sell.” Analyst views are mixed overall: MarketBeat reports a “Moderate Buy” consensus and an average price target of $9.75.
• The company reported a quarterly loss of $1.27 per share, missing the $0.55-per-share loss analysts expected, though revenue of $218.97 million exceeded forecasts of $195.03 million.
• CEO Kenneth J. Nicholson bought 400,000 shares at an average price of $3.83, increasing his stake by 18.39%.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other research analysts have also recently issued research reports about the company. Weiss Ratings reissued a "sell (e+)" rating on shares of FTAI Infrastructure in a research note on Wednesday, September 9th. Citigroup reissued a "market outperform" rating on shares of FTAI Infrastructure in a report on Tuesday, September 29th. JonesTrading restated a "buy" rating and set a $8.75 price objective on shares of FTAI Infrastructure in a research note on Monday, September 28th. BTIG Research reduced their price objective on shares of FTAI Infrastructure from $9.00 to $8.00 and set a "buy" rating for the company in a report on Friday, November 6th. Finally, UBS Group reiterated a "buy" rating on shares of FTAI Infrastructure in a research report on Friday, November 6th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $9.75.

FTAI Infrastructure Price Performance

Shares of FIP stock opened at $3.93 on Friday. FTAI Infrastructure has a 12-month low of $2.23 and a 12-month high of $6.69. The business has a 50 day simple moving average of $2.94 and a 200 day simple moving average of $4.40.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.72). The company had revenue of $218.97 million during the quarter, compared to analysts' expectations of $195.03 million.

Insiders Place Their Bets

In other news, CEO Kenneth J. Nicholson bought 400,000 shares of the business's stock in a transaction on Tuesday, November 10th. The stock was purchased at an average cost of $3.83 per share, for a total transaction of $1,532,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,575,539 shares of the company's stock, valued at approximately $9,864,314.37. This trade represents a 18.39% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by company insiders.

Institutional Trading of FTAI Infrastructure

Institutional investors have recently modified their holdings of the company. WINTON GROUP Ltd acquired a new position in FTAI Infrastructure during the second quarter worth about $65,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in FTAI Infrastructure in the 2nd quarter valued at about $75,000. Connective Capital Management LLC acquired a new stake in FTAI Infrastructure in the 2nd quarter valued at about $167,000. Royal Bank of Canada boosted its position in shares of FTAI Infrastructure by 47.2% during the 1st quarter. Royal Bank of Canada now owns 69,236 shares of the company's stock valued at $341,000 after purchasing an additional 22,214 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of FTAI Infrastructure by 28.3% during the 1st quarter. Quantinno Capital Management LP now owns 86,840 shares of the company's stock valued at $429,000 after purchasing an additional 19,155 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

FTAI Infrastructure Company Profile

FTAI Infrastructure NASDAQ: FIP is an infrastructure company focused on owning and operating assets in the transportation and energy sectors. Its businesses provide facilities and services that support the storage, handling and movement of commodities and other industrial products. The company's portfolio includes Jefferson Terminal, a multimodal logistics and storage facility in Beaumont, Texas, and Repauno, a deepwater port and industrial site in Gibbstown, New Jersey. These facilities connect customers to transportation networks such as rail, road and waterways.

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