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 raised its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 196.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,808 shares of the financial services provider's stock after buying an additional 93,914 shares during the quarter. FTAI Aviation comprises approximately 3.9% of Advantage Alpha Capital Partners LP's holdings, making the stock its largest position. Advantage Alpha Capital Partners LP owned about 0.14% of FTAI Aviation worth $15,745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amalgamated Bank boosted its position in shares of FTAI Aviation by 3.5% during the first quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock worth $391,000 after acquiring an additional 120 shares during 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 worth $2,823,000 after purchasing an additional 122 shares in the last quarter. AE Wealth Management LLC boosted its holdings in shares of FTAI Aviation by 6.3% during the 1st quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider's stock valued at $270,000 after purchasing an additional 145 shares during the last quarter. Virtus Fund Advisers LLC purchased a new position in shares of FTAI Aviation during the fourth quarter valued at about $26,000. Finally, Versant Capital Management Inc increased its holdings in shares of FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Up 0.7%

Shares of FTAI stock traded up $1.10 during mid-day trading on Monday, hitting $148.81. 1,129,589 shares of the stock were exchanged, compared to its average volume of 2,257,003. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The firm has a fifty day moving average of $126.11 and a 200 day moving average of $116.50. The company has a market cap of $15.26 billion, a PE ratio of 36.83 and a beta of 1.61.

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 firm had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The business's revenue was up 52.4% on a year-over-year basis. During the same quarter last year, the firm posted ($2.26) EPS. Equities analysts predict that FTAI Aviation Ltd. will post 2.2 EPS 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 given a dividend of $0.30 per share. 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 dividend payout ratio is 29.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FTAI shares. Royal Bank Of Canada increased their price target on FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. BTIG Research increased their target price on FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a research report on Monday. Wall Street Zen raised shares of FTAI Aviation from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Finally, Morgan Stanley upped their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $182.83.

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.