FTAI Aviation Ltd. $FTAI is Broad Bay Capital Management LP's 10th Largest Position

Key Points

• Broad Bay Capital Management LP increased its position in FTAI Aviation Ltd. by 26.8%, acquiring an additional 49,885 shares, which now constitute about 3.8% of its overall portfolio.
• FTAI Aviation reported earnings of $1.57 per share, exceeding analysts' expectations, with a significant 52.4% increase in revenue compared to the same quarter last year.
• The stock has a market cap of $15.94 billion and is currently favored by analysts, receiving multiple upgrades and a consensus target price of $182.83.

Broad Bay Capital Management LP boosted its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 26.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 236,173 shares of the financial services provider's stock after purchasing an additional 49,885 shares during the period. FTAI Aviation comprises approximately 3.8% of Broad Bay Capital Management LP's investment portfolio, making the stock its 10th biggest holding. Broad Bay Capital Management LP owned approximately 0.23% of FTAI Aviation worth $26,222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Amalgamated Bank lifted its position in FTAI Aviation by 3.5% during the first quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock valued at $391,000 after purchasing an additional 120 shares during the period. Scotia Capital Inc. raised its position in shares of FTAI Aviation by 0.5% in the first quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider's stock worth $2,823,000 after acquiring an additional 122 shares during the period. AE Wealth Management LLC raised its position in shares of FTAI Aviation by 6.3% in the first quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider's stock worth $270,000 after acquiring an additional 145 shares during the period. Virtus Fund Advisers LLC acquired a new position in shares of FTAI Aviation in the fourth quarter worth about $26,000. Finally, Versant Capital Management Inc raised its position in shares of FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after acquiring an additional 181 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FTAI. Wall Street Zen downgraded shares of FTAI Aviation from a "buy" rating to a "hold" rating in a research report on Saturday. JMP Securities upped their price objective 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. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. BTIG Research boosted their target price on shares of FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Finally, Royal Bank Of Canada boosted their target price on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $182.83.

FTAI Aviation Price Performance

NASDAQ FTAI traded down $1.54 during trading hours on Monday, hitting $153.85. 1,346,578 shares of the company's stock traded hands, compared to its average volume of 1,073,821. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The company has a market capitalization of $15.78 billion, a PE ratio of 38.08 and a beta of 1.65. The firm's 50-day moving average is $128.52 and its 200-day moving average is $117.80.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company had revenue of $676.24 million during the quarter, compared to analysts' expectations of $754.75 million. During the same quarter in the prior year, the company earned ($2.26) EPS. FTAI Aviation's revenue was up 52.4% compared to the same quarter last year. Equities research analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

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

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.