FTAI Aviation Ltd. $FTAI is Advantage Alpha Capital Partners LP's Largest Position

Key Points

• Advantage Alpha Capital Partners LP significantly increased its holdings in FTAI Aviation by 196.1% during the first quarter, making the stock its largest holding at approximately $15.7 million.
• FTAI Aviation's shares have recently seen price target upgrades from analysts, with JMP Securities raising it from $180.00 to $205.00 and a consensus price target of $179.50 now established.
• The company reported a 52.4% increase in revenue year-over-year, with earnings per share of $1.57 for the latest quarter, exceeding analysts' expectations.

Advantage Alpha Capital Partners LP lifted its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 196.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,808 shares of the financial services provider's stock after acquiring an additional 93,914 shares during the quarter. FTAI Aviation accounts for approximately 3.9% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its biggest holding. Advantage Alpha Capital Partners LP owned approximately 0.14% of FTAI Aviation worth $15,745,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Amalgamated Bank lifted its stake in FTAI Aviation by 3.5% in the 1st quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock valued at $391,000 after buying an additional 120 shares in the last quarter. Scotia Capital Inc. lifted its stake in FTAI Aviation by 0.5% in the 1st quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider's stock valued at $2,823,000 after buying an additional 122 shares in the last quarter. AE Wealth Management LLC lifted its stake in FTAI Aviation by 6.3% in the 1st quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider's stock valued at $270,000 after buying an additional 145 shares in the last quarter. Virtus Fund Advisers LLC purchased a new position in FTAI Aviation in the 4th quarter valued at about $26,000. Finally, Versant Capital Management Inc lifted its stake in 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 buying an additional 181 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays decreased their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target for the company in a research note on Friday, May 2nd. Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Royal Bank Of Canada boosted their price target on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $182.83.

FTAI Aviation Trading Up 0.6%

FTAI stock traded up $0.83 during trading on Wednesday, reaching $150.02. The stock had a trading volume of 461,579 shares, compared to its average volume of 2,237,779. The firm has a fifty day moving average price of $127.13 and a 200 day moving average price of $116.98. The company has a market capitalization of $15.39 billion, a P/E ratio of 37.13 and a beta of 1.61. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The business had revenue of $676.24 million during the quarter, compared to the consensus estimate of $754.75 million. During the same quarter in the prior year, the firm earned ($2.26) EPS. The company's revenue for the quarter was up 52.4% compared to the same quarter last year. Sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's dividend payout ratio is currently 29.70%.

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.