Beck Capital Management LLC Sells 11,274 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Beck Capital Management LLC reduced its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 16.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,388 shares of the financial services provider's stock after selling 11,274 shares during the period. FTAI Aviation accounts for approximately 2.3% of Beck Capital Management LLC's holdings, making the stock its 8th biggest position. Beck Capital Management LLC owned approximately 0.06% of FTAI Aviation worth $8,554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morse Asset Management Inc bought a new stake in FTAI Aviation in the third quarter worth about $354,000. MML Investors Services LLC lifted its stake in FTAI Aviation by 6.3% during the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 129 shares during the last quarter. Barclays PLC boosted its holdings in FTAI Aviation by 73.5% during the third quarter. Barclays PLC now owns 214,610 shares of the financial services provider's stock worth $28,520,000 after buying an additional 90,905 shares in the last quarter. Anchor Investment Management LLC acquired a new position in FTAI Aviation in the third quarter worth approximately $31,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of FTAI Aviation in the third quarter valued at $478,000. 88.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FTAI shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. BTIG Research upped their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a research report on Friday, January 10th. Finally, Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $172.83.

FTAI Aviation Price Performance

Shares of FTAI stock traded up $1.12 on Monday, hitting $105.96. The company's stock had a trading volume of 488,314 shares, compared to its average volume of 1,703,312. The stock has a market capitalization of $10.87 billion, a price-to-earnings ratio of -1,058.46 and a beta of 1.79. The firm's fifty day moving average price is $108.21 and its 200-day moving average price is $128.01. FTAI Aviation Ltd. has a fifty-two week low of $69.93 and a fifty-two week high of $181.64.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.13%. FTAI Aviation's dividend payout ratio (DPR) is presently -342.86%.

FTAI Aviation Profile

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.