Cannon Global Investment Management LLC Raises Stock Position in FTAI Aviation Ltd. $FTAI

Key Points

• Cannon Global Investment Management LLC increased its stake in FTAI Aviation Ltd. by 116.7% during the second quarter, holding 6,500 shares valued at approximately $748,000.
• Institutional investors and hedge funds now own 88.96% of FTAI Aviation's stock, reflecting significant interest from major financial entities.
• FTAI Aviation recently reported earnings of $1.57 EPS, beating estimates, with quarterly revenues up 52.4% year-over-year.

Cannon Global Investment Management LLC lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 116.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,500 shares of the financial services provider's stock after buying an additional 3,500 shares during the quarter. FTAI Aviation comprises about 1.5% of Cannon Global Investment Management LLC's holdings, making the stock its 17th biggest holding. Cannon Global Investment Management LLC's holdings in FTAI Aviation were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Amalgamated Bank increased its holdings in shares of FTAI Aviation by 3.5% in the 1st quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock valued at $391,000 after acquiring an additional 120 shares during the period. Scotia Capital Inc. increased its holdings in shares of FTAI Aviation by 0.5% in the 1st quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider's stock valued at $2,823,000 after acquiring an additional 122 shares during the period. Parallel Advisors LLC increased its holdings in shares of FTAI Aviation by 78.5% in the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 135 shares during the period. AE Wealth Management LLC increased its holdings in shares of FTAI Aviation by 6.3% in the 1st quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider's stock valued at $270,000 after acquiring an additional 145 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of FTAI Aviation by 57.2% in the 1st quarter. Blue Trust Inc. now owns 613 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 223 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of FTAI Aviation from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Zacks Research raised shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Barclays lifted their target price on shares of FTAI Aviation from $150.00 to $195.00 and gave the company an "overweight" rating in a report on Thursday, October 2nd. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $185.00 target price on shares of FTAI Aviation in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, FTAI Aviation currently has a consensus rating of "Buy" and an average target price of $201.25.

FTAI Aviation Trading Down 1.8%

NASDAQ:FTAI opened at $166.67 on Friday. The firm has a market cap of $17.10 billion, a price-to-earnings ratio of 41.26 and a beta of 1.70. The company's 50-day moving average is $161.83 and its two-hundred day moving average is $130.61. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $184.44.

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

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. FTAI Aviation's dividend payout ratio is presently 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.

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