Castleark Management LLC Reduces Stock Holdings in 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 the company in its most recent 13F 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 period. Castleark Management LLC owned about 0.08% of FTAI Aviation worth $12,124,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Virtus Fund Advisers LLC acquired a new position in FTAI Aviation in the fourth quarter valued at approximately $26,000. Transce3nd LLC acquired a new position in shares of FTAI Aviation in the 4th quarter valued at $29,000. Kapitalo Investimentos Ltda acquired a new position in shares of FTAI Aviation in the 4th quarter valued at $30,000. Private Trust Co. NA grew 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 buying an additional 168 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in FTAI Aviation during the 4th quarter worth $36,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FTAI has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. 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 note on Friday, May 2nd. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Finally, JMP Securities decreased their price objective on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a report on Thursday, May 8th. One equities research 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $171.83.

Insider Buying and Selling

In other FTAI Aviation 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 purchased at an average price of $94.54 per share, with a total value of $283,620.00. Following the completion of the acquisition, the chief executive officer now directly owns 341,852 shares of the company's stock, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stacy Kuperus bought 1,087 shares of FTAI Aviation stock in a transaction on Friday, May 2nd. The stock was acquired at an average cost of $92.90 per share, with a total value of $100,982.30. Following the acquisition, the insider now owns 88,423 shares of the company's stock, valued at $8,214,496.70. This trade represents a 1.24% increase in their position. The disclosure for this purchase can be found here. Insiders bought 10,667 shares of company stock valued at $1,008,715 over the last ninety days. Corporate insiders own 1.30% of the company's stock.

FTAI Aviation Price Performance

Shares of NYSE:FTAI traded up $1.65 during trading on Monday, reaching $114.58. The company had a trading volume of 1,205,371 shares, compared to its average volume of 1,796,196. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64. The stock's fifty day moving average price is $105.49 and its 200 day moving average price is $123.38. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of -1,145.69 and a beta of 1.64.

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

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were paid a dividend of $0.30 per share. The ex-dividend date was 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 571.43%.

FTAI Aviation Company 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.