Calamos Advisors LLC Sells 9,680 Shares of FTAI Aviation Ltd. (NASDAQ:FTAI)

Calamos Advisors LLC cut its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 32.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,067 shares of the financial services provider's stock after selling 9,680 shares during the quarter. Calamos Advisors LLC's holdings in FTAI Aviation were worth $2,228,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FTAI. Capital International Investors grew 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 valued at $1,537,940,000 after acquiring an additional 3,034,838 shares during the period. Norges Bank acquired a new stake in FTAI Aviation in the 4th quarter valued at about $183,688,000. William Blair Investment Management LLC bought a new position in FTAI Aviation during the fourth quarter worth about $174,372,000. Shellback Capital LP acquired a new position in FTAI Aviation during the fourth quarter worth approximately $76,510,000. Finally, Two Sigma Advisers LP raised 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 buying an additional 256,800 shares during the period. Institutional investors own 88.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FTAI. Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. JMP Securities cut their price target on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research note on Thursday, May 8th. Morgan Stanley lowered their price objective on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Barclays dropped their price objective on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Finally, Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target on the stock in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.83.

FTAI Aviation Price Performance

Shares of NASDAQ FTAI traded down $3.46 during mid-day trading on Monday, reaching $111.49. 1,736,682 shares of the company's stock traded hands, compared to its average volume of 2,151,839. The business has a 50-day simple moving average of $117.31 and a 200 day simple moving average of $116.11. The stock has a market cap of $11.43 billion, a P/E ratio of 42.11 and a beta of 1.62. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a return on equity of 438.32% and a net margin of 3.74%. The company's revenue was up 53.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. Equities research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's dividend payout ratio is presently 571.43%.

Insider Buying and Selling at FTAI Aviation

In other news, CEO Joseph P. Jr. Adams acquired 3,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the purchase, the chief executive officer owned 341,852 shares in the company, valued at approximately $32,318,688.08. This trade represents a 0.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stacy Kuperus purchased 1,087 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the purchase, the insider directly owned 88,423 shares in the company, valued at $8,214,496.70. This represents a 1.24% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 10,667 shares of company stock worth $1,008,715 in the last quarter. 1.60% of the stock is currently owned by company insiders.

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.