Castleark Management LLC Sells 30,830 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Castleark Management LLC reduced its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 26.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,170 shares of the financial services provider's stock after selling 30,830 shares during the quarter. Castleark Management LLC owned about 0.08% of FTAI Aviation worth $12,124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTAI. Virtus Fund Advisers LLC acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $26,000. Transce3nd LLC acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $29,000. Kapitalo Investimentos Ltda acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $30,000. Private Trust Co. NA raised its position in shares of FTAI Aviation by 221.1% in the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 168 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $36,000. 88.96% of the stock is owned by institutional investors.

Insider Activity

In other FTAI Aviation news, COO David Moreno acquired 6,580 shares of the stock in a transaction dated Friday, May 2nd. The shares were bought at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the acquisition, the chief operating officer now directly owns 231,623 shares of the company's stock, valued at approximately $21,969,441.55. This trade represents a 2.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stacy Kuperus acquired 1,087 shares of the stock in a transaction dated Friday, May 2nd. The stock was acquired at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the acquisition, the insider now directly owns 88,423 shares of the company's stock, valued at $8,214,496.70. The trade was a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 10,667 shares of company stock worth $1,008,715 over the last ninety days. Insiders own 1.30% of the company's stock.

FTAI Aviation Stock Performance

FTAI stock traded up $1.65 during mid-day trading on Friday, hitting $114.58. 1,205,371 shares of the company were exchanged, compared to its average volume of 1,791,366. The firm has a market cap of $11.75 billion, a P/E ratio of -1,145.69 and a beta of 1.64. The firm's 50 day simple moving average is $105.49 and its 200 day simple moving average is $123.74. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. During the same quarter last year, the company earned $0.31 earnings per share. The firm's revenue for the quarter was up 53.7% compared to the same quarter last year. On average, equities research analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be issued a $0.30 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.05%. FTAI Aviation's dividend payout ratio (DPR) is presently 571.43%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JMP Securities cut their price target on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley cut 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 report on Friday, April 11th. Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Royal Bank of Canada cut their price target on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $171.83.

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.