Concurrent Investment Advisors LLC Sells 3,730 Shares of FTAI Aviation Ltd. (NASDAQ:FTAI)

Concurrent Investment Advisors LLC decreased its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 64.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,026 shares of the financial services provider's stock after selling 3,730 shares during the period. Concurrent Investment Advisors LLC's holdings in FTAI Aviation were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FTAI. Versant Capital Management Inc lifted its holdings in shares of FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 181 shares during the last quarter. Virtus Fund Advisers LLC bought a new position in shares of FTAI Aviation in the 4th quarter valued at about $26,000. Transce3nd LLC bought a new position in shares of FTAI Aviation in the 4th quarter valued at about $29,000. Kapitalo Investimentos Ltda bought a new position in shares of FTAI Aviation in the 4th quarter valued at about $30,000. Finally, Rakuten Securities Inc. bought a new position in shares of FTAI Aviation in the 1st quarter valued at about $34,000. Institutional investors own 88.96% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on FTAI shares. Wall Street Zen raised shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Royal Bank Of Canada decreased their price objective on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. JMP Securities decreased their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research note on Thursday, May 8th. Barclays decreased their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, 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. One 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 stock. According to MarketBeat.com, FTAI Aviation presently has an average rating of "Moderate Buy" and an average price target of $171.83.

Insider Activity at FTAI Aviation

In other news, CEO Joseph P. Jr. Adams bought 3,000 shares of the stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the purchase, the chief executive officer directly owned 341,852 shares in the company, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stacy Kuperus bought 1,087 shares of the stock in a transaction on Friday, May 2nd. The stock was purchased at an average price of $92.90 per share, with a total value of $100,982.30. Following the completion of the purchase, the insider owned 88,423 shares of the company's stock, valued at $8,214,496.70. This represents a 1.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 10,667 shares of company stock valued at $1,008,715 over the last ninety days. 1.30% of the stock is owned by company insiders.

FTAI Aviation Stock Down 1.5%

Shares of FTAI stock opened at $110.98 on Friday. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 528.48 and a beta of 1.62. The company's 50 day moving average is $118.39 and its 200 day moving average is $115.55. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued 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 3.74% and a return on equity of 438.32%. FTAI Aviation's revenue for the quarter was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. Analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's payout ratio is 571.43%.

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.

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