Appian Way Asset Management LP Acquires 386,549 Shares of FTAI Aviation Ltd. $FTAI

Key Points

• Appian Way Asset Management LP significantly increased its stake in FTAI Aviation, acquiring an additional 386,549 shares, raising its ownership by 601.8% in the first quarter, making FTAI its 4th largest holding.
• Several hedge funds, including Wellington Management Group LLP and T. Rowe Price Investment Management Inc., have also increased their stakes in FTAI Aviation, contributing to a high institutional ownership level of 88.96%.
• FTAI Aviation recently reported earnings of $1.57 per share, exceeding analyst expectations, and announced a $0.30 quarterly dividend, reflecting a yield of 0.8%.

Appian Way Asset Management LP increased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 601.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 450,780 shares of the financial services provider's stock after buying an additional 386,549 shares during the period. FTAI Aviation accounts for 11.2% of Appian Way Asset Management LP's holdings, making the stock its 4th biggest holding. Appian Way Asset Management LP owned about 0.44% of FTAI Aviation worth $50,050,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP increased its stake in FTAI Aviation by 159.6% in the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider's stock valued at $260,658,000 after purchasing an additional 1,443,440 shares in the last quarter. Two Sigma Advisers LP increased its stake in FTAI Aviation by 24.5% in the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock valued at $188,030,000 after purchasing an additional 256,800 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in FTAI Aviation by 30.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 964,529 shares of the financial services provider's stock valued at $107,092,000 after purchasing an additional 225,920 shares in the last quarter. Two Sigma Investments LP increased its stake in FTAI Aviation by 16.6% in the fourth quarter. Two Sigma Investments LP now owns 844,772 shares of the financial services provider's stock valued at $121,681,000 after purchasing an additional 120,289 shares in the last quarter. Finally, Long Focus Capital Management LLC increased its stake in FTAI Aviation by 64.6% in the first quarter. Long Focus Capital Management LLC now owns 790,000 shares of the financial services provider's stock valued at $87,714,000 after purchasing an additional 310,000 shares in the last quarter. Institutional investors own 88.96% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Wall Street Zen downgraded shares of FTAI Aviation from a "buy" rating to a "hold" rating in a research note on Saturday. BTIG Research lifted their price target on shares of FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, JMP Securities boosted their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, FTAI Aviation currently has an average rating of "Buy" and a consensus price target of $182.83.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $153.85 on Tuesday. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The company has a 50-day simple moving average of $129.00 and a two-hundred day simple moving average of $118.08. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 38.08 and a beta of 1.65.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The business had revenue of $676.24 million during the quarter, compared to the consensus estimate of $754.75 million. During the same period in the prior year, the firm posted ($2.26) EPS. The firm's quarterly revenue was up 52.4% compared to the same quarter last year. On average, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.8%. FTAI Aviation's dividend payout ratio (DPR) is 29.70%.

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.

Want to see what other hedge funds are holding FTAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.