Fortitude Advisory Group L.L.C. Invests $1.04 Million in FTAI Aviation Ltd. (NYSE:FTAI)

Fortitude Advisory Group L.L.C. bought a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 9,405 shares of the financial services provider's stock, valued at approximately $1,044,000. FTAI Aviation comprises approximately 0.7% of Fortitude Advisory Group L.L.C.'s investment portfolio, making the stock its 26th biggest holding.

Other large investors have also recently bought and sold shares of the company. Capital International Investors grew its holdings in shares of FTAI Aviation by 39.7% during the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock worth $1,537,940,000 after purchasing an additional 3,034,838 shares in the last quarter. Vanguard Group Inc. lifted its position in FTAI Aviation by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock worth $1,519,325,000 after purchasing an additional 184,730 shares during the period. Hood River Capital Management LLC boosted its stake in FTAI Aviation by 8.0% during the fourth quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock worth $298,137,000 after buying an additional 153,909 shares in the last quarter. Two Sigma Advisers LP increased its holdings in FTAI Aviation by 24.5% in the 4th quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock valued at $188,030,000 after buying an additional 256,800 shares during the period. Finally, Norges Bank bought a new stake in FTAI Aviation in the 4th quarter valued at $183,688,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Up 0.2%

FTAI Aviation stock opened at $124.06 on Tuesday. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $181.64. The stock has a 50-day simple moving average of $110.40 and a 200 day simple moving average of $118.40. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of -1,240.48 and a beta of 1.66.

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

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were paid a $0.30 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.97%. FTAI Aviation's dividend payout ratio (DPR) is currently 571.43%.

Insider Activity

In other FTAI Aviation news, COO David Moreno bought 6,580 shares of the company's stock in a transaction on Friday, May 2nd. The stock was bought at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the transaction, the chief operating officer now owns 231,623 shares of the company's stock, valued at approximately $21,969,441.55. The trade was a 2.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph P. Jr. Adams purchased 3,000 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the transaction, the chief executive officer now directly owns 341,852 shares in the company, valued at $32,318,688.08. The trade was a 0.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 10,667 shares of company stock valued at $1,008,715 over the last 90 days. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FTAI has been the topic of several recent research reports. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Barclays cut their price target 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. JMP Securities lowered their price objective on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Thursday, May 8th. Royal Bank of Canada cut their target price on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $171.83.

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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