Ethos Financial Group LLC acquired a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,149 shares of the financial services provider's stock, valued at approximately $239,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tejara Capital Ltd acquired a new stake in shares of FTAI Aviation in the first quarter valued at approximately $4,774,000. Russell Investments Group Ltd. raised its holdings in shares of FTAI Aviation by 14.5% in the first quarter. Russell Investments Group Ltd. now owns 164,772 shares of the financial services provider's stock valued at $18,306,000 after purchasing an additional 20,880 shares during the last quarter. Nuveen LLC acquired a new stake in shares of FTAI Aviation in the first quarter valued at approximately $41,789,000. Townsquare Capital LLC acquired a new stake in shares of FTAI Aviation in the first quarter valued at approximately $420,000. Finally, CenterBook Partners LP acquired a new stake in shares of FTAI Aviation in the first quarter valued at approximately $1,071,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.
FTAI Aviation Trading Up 4.1%
Shares of NASDAQ:FTAI traded up $5.69 on Thursday, hitting $146.09. The company had a trading volume of 1,390,789 shares, compared to its average volume of 2,268,997. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64. The stock has a market cap of $14.98 billion, a price-to-earnings ratio of 36.16 and a beta of 1.61. The stock has a 50 day moving average price of $125.19 and a 200 day moving average price of $116.00.
FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 52.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($2.26) earnings per share. Sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.
FTAI Aviation Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, August 12th. FTAI Aviation's payout ratio is 29.70%.
Analyst Upgrades and Downgrades
FTAI has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday. Royal Bank Of Canada boosted their target price on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Finally, JMP Securities boosted their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $179.50.
Check Out Our Latest Report on FTAI
FTAI Aviation Profile
(
Free Report)
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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