Fortitude Advisory Group L.L.C. Has $2.49 Million Stake in FTAI Aviation Ltd. $FTAI

Key Points

• Fortitude Advisory Group L.L.C. increased its stake in FTAI Aviation Ltd. by 130.4% during the 2nd quarter, owning approximately $2.49 million worth of shares.
• FTAI Aviation recently reported earnings of $1.57 per share, exceeding estimates and marking a 52.4% increase in year-over-year revenue.
• Several analysts have issued positive ratings for FTAI Aviation, with BTIG Research raising its price target from $190.00 to $230.00 and maintaining a "buy" rating.

Fortitude Advisory Group L.L.C. raised its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 130.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,667 shares of the financial services provider's stock after purchasing an additional 12,262 shares during the quarter. FTAI Aviation accounts for approximately 1.4% of Fortitude Advisory Group L.L.C.'s holdings, making the stock its 13th largest holding. Fortitude Advisory Group L.L.C.'s holdings in FTAI Aviation were worth $2,493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc raised its stake 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 purchasing an additional 181 shares during the period. Virtus Advisers LLC acquired a new stake in shares of FTAI Aviation in the 1st quarter valued at about $29,000. Parallel Advisors LLC raised its stake in shares of FTAI Aviation by 78.5% in the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 135 shares during the period. Rakuten Securities Inc. acquired a new stake in shares of FTAI Aviation in the 1st quarter valued at about $34,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Stock Down 1.4%

Shares of NASDAQ:FTAI opened at $169.68 on Friday. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $184.44. The stock has a market cap of $17.40 billion, a PE ratio of 42.00 and a beta of 1.70. The business has a 50 day moving average of $154.72 and a 200-day moving average of $126.76.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The company had revenue of $676.24 million during the quarter, compared to analysts' expectations of $754.75 million. During the same quarter in the previous year, the company posted ($2.26) earnings per share. The business's revenue was up 52.4% on a year-over-year basis. Equities research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current 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 0.7%. The ex-dividend date was Tuesday, August 12th. FTAI Aviation's payout ratio is 29.70%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FTAI shares. BTIG Research lifted their price target on FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Morgan Stanley lifted their target price on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. JMP Securities lifted their target price on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 6th. Barclays lifted their target price on FTAI Aviation from $150.00 to $195.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Zacks Research raised FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, FTAI Aviation presently has an average rating of "Buy" and a consensus target price of $191.73.

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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