3,000 Shares in FTAI Aviation Ltd. (NASDAQ:FTAI) Acquired by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC bought a new position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,000 shares of the financial services provider's stock, valued at approximately $333,000.

A number of other large investors also recently modified their holdings of the company. Versant Capital Management Inc raised its stake in FTAI Aviation by 420.9% during the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 181 shares in the last quarter. Virtus Fund Advisers LLC bought a new position in FTAI Aviation in the fourth quarter worth approximately $26,000. Transce3nd LLC bought a new stake in shares of FTAI Aviation in the fourth quarter valued at about $29,000. Kapitalo Investimentos Ltda bought a new stake in shares of FTAI Aviation in the 4th quarter valued at about $30,000. Finally, Rakuten Securities Inc. bought a new position in FTAI Aviation in the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI traded up $1.81 during midday trading on Thursday, hitting $114.95. The company had a trading volume of 961,130 shares, compared to its average volume of 2,506,956. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The stock has a market cap of $11.79 billion, a price-to-earnings ratio of 547.38 and a beta of 1.62. The business's 50-day simple moving average is $116.83 and its 200-day simple moving average is $116.50.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 3.74% and a return on equity of 438.32%. During the same quarter in the previous year, the business posted $0.31 EPS. The business's revenue was up 53.7% on a year-over-year basis. As a group, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.04%. FTAI Aviation's dividend payout ratio is currently 571.43%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen raised shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. JMP Securities cut their target price on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a report on Thursday, May 8th. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Finally, Morgan Stanley dropped their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $171.83.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, COO David Moreno acquired 6,580 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the acquisition, the chief operating officer owned 231,623 shares of the company's stock, valued at approximately $21,969,441.55. This trade represents a 2.92% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stacy Kuperus acquired 1,087 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was bought 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 owned 88,423 shares of the company's stock, valued at approximately $8,214,496.70. This represents a 1.24% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 10,667 shares of company stock worth $1,008,715 over the last ninety days. Company insiders own 1.30% of the company's stock.

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.