CenterBook Partners LP Purchases Shares of 9,649 FTAI Aviation Ltd. (NASDAQ:FTAI)

Key Points

• CenterBook Partners LP has acquired 9,649 shares of FTAI Aviation Ltd., valued at approximately $1,071,000, marking a new stake for the institutional investor.
• FTAI Aviation reported a quarterly EPS of $1.57, exceeding estimates and showing a revenue increase of 52.4% year-over-year, despite missing revenue expectations.
• The company announced a $0.30 per share quarterly dividend, representing a 0.9% yield, with the upcoming ex-dividend date scheduled for August 12.

CenterBook Partners LP acquired a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,649 shares of the financial services provider's stock, valued at approximately $1,071,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FTAI. Capital International Investors lifted its position in FTAI Aviation by 39.7% in the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock worth $1,537,940,000 after buying an additional 3,034,838 shares during the last quarter. Shellback Capital LP acquired a new position in shares of FTAI Aviation in the 4th quarter valued at $76,510,000. GW&K Investment Management LLC purchased a new stake in shares of FTAI Aviation during the first quarter worth about $30,963,000. Two Sigma Advisers LP boosted its position in FTAI Aviation by 24.5% during the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock worth $188,030,000 after acquiring an additional 256,800 shares during the last quarter. Finally, Newbrook Capital Advisors LP lifted its holdings in shares of FTAI Aviation by 60.7% in the 4th quarter. Newbrook Capital Advisors LP now owns 629,150 shares of the financial services provider's stock worth $90,623,000 after acquiring an additional 237,547 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Up 0.3%

NASDAQ:FTAI opened at $138.07 on Friday. The firm has a market capitalization of $14.16 billion, a PE ratio of 34.18 and a beta of 1.61. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64. The firm has a 50-day moving average price of $121.71 and a 200 day moving average price of $113.13.

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

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, August 12th. FTAI Aviation's dividend payout ratio is currently 29.70%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FTAI. JMP Securities upped their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday. Barclays reduced their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price for the company in a research note on Friday, May 2nd. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Finally, Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, FTAI Aviation has a consensus rating of "Buy" and a consensus target price of $176.42.

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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