Appian Way Asset Management LP Makes New $9.25 Million Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Appian Way Asset Management LP purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 64,231 shares of the financial services provider's stock, valued at approximately $9,252,000. FTAI Aviation comprises approximately 1.9% of Appian Way Asset Management LP's investment portfolio, making the stock its 12th largest holding. Appian Way Asset Management LP owned about 0.06% of FTAI Aviation as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Capital International Investors lifted its position in shares of FTAI Aviation by 39.7% in the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock worth $1,537,940,000 after buying an additional 3,034,838 shares during the last quarter. Vanguard Group Inc. lifted its holdings in FTAI Aviation by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock worth $1,519,325,000 after acquiring an additional 184,730 shares during the last quarter. Hood River Capital Management LLC boosted its stake in FTAI Aviation by 8.0% in the fourth quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock valued at $298,137,000 after acquiring an additional 153,909 shares during the period. Norges Bank bought a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $183,688,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $174,372,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Up 3.5 %

NYSE FTAI traded up $3.05 on Friday, reaching $89.95. 4,384,396 shares of the stock traded hands, compared to its average volume of 1,743,133. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $181.64. The company has a market cap of $9.22 billion, a price-to-earnings ratio of -899.41 and a beta of 1.64. The firm's fifty day simple moving average is $105.00 and its 200 day simple moving average is $126.54.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. During the same period in the prior year, the firm posted $0.31 EPS. The firm's revenue for the quarter was up 53.7% compared to the same quarter last year. As a group, equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.33%. FTAI Aviation's payout ratio is currently 571.43%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley reduced their price objective on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Barclays reduced their price target on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday. Stifel Nicolaus upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective on the stock in a research report on Friday. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Finally, Wolfe Research raised FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $167.83.

Insider Activity at FTAI Aviation

In other news, COO David Moreno acquired 6,580 shares of FTAI Aviation stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of $94.85 per share, with a total value of $624,113.00. Following the completion of the purchase, the chief operating officer now owns 231,623 shares of the company's stock, valued at $21,969,441.55. This represents a 2.92 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joseph P. Jr. Adams bought 3,000 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was purchased at an average price of $94.54 per share, with a total value of $283,620.00. Following the completion of the acquisition, the chief executive officer now owns 341,852 shares of the company's stock, valued at approximately $32,318,688.08. This trade represents a 0.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company's stock.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.