FTAI Aviation Ltd. $FTAI Shares Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners increased its FTAI Aviation stake by 69.3% in the third quarter, adding 38,146 shares to bring its holding to 93,225 shares, valued at about $15.6 million.
• Analysts maintain a “Moderate Buy” consensus (eight Buy, two Hold ratings), with an average price target of $304.38; several firms recently lowered their targets.
• FTAI reported quarterly EPS of $1.43, beating the $1.31 estimate, while revenue rose 46.6% year over year to $977.66 million. It also declared a $0.50 quarterly dividend per share.

CenterBook Partners LP lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 69.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,225 shares of the financial services provider's stock after buying an additional 38,146 shares during the period. FTAI Aviation makes up approximately 0.7% of CenterBook Partners LP's investment portfolio, making the stock its 22nd biggest holding. CenterBook Partners LP owned 0.09% of FTAI Aviation worth $15,571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FTAI. MassMutual Private Wealth & Trust FSB acquired a new position in shares of FTAI Aviation in the third quarter worth about $25,000. Root Financial Partners LLC acquired a new position in FTAI Aviation during the third quarter worth about $25,000. Meeder Asset Management Inc. boosted its holdings in shares of FTAI Aviation by 142.2% during the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider's stock worth $27,000 after purchasing an additional 64 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in FTAI Aviation by 55.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 179 shares of the financial services provider's stock valued at $30,000 after buying an additional 64 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new stake in shares of FTAI Aviation in the second quarter valued at about $32,000. Institutional investors and hedge funds own 88.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FTAI shares. Citizens Jmp assumed coverage on FTAI Aviation in a research note on Wednesday, July 15th. They issued a "market outperform" rating and a $375.00 price target on the stock. Royal Bank Of Canada cut their target price on shares of FTAI Aviation from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 28th. Morgan Stanley dropped their price objective on FTAI Aviation from $360.00 to $310.00 and set an "overweight" rating on the stock in a report on Friday, October 16th. BTIG Research cut their price target on shares of FTAI Aviation from $400.00 to $350.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. Finally, Barclays cut their price target on FTAI Aviation from $350.00 to $310.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 15th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $304.38.

FTAI Aviation Trading Up 11.0%

Shares of NASDAQ FTAI traded up $17.82 during midday trading on Friday, reaching $180.27. 3,209,878 shares of the stock were exchanged, compared to its average volume of 2,077,379. The stock has a 50 day moving average price of $177.21 and a 200-day moving average price of $230.04. The company has a current ratio of 5.28, a quick ratio of 2.07 and a debt-to-equity ratio of 8.55. The company has a market capitalization of $18.52 billion, a P/E ratio of 36.57, a P/E/G ratio of 0.98 and a beta of 1.55. FTAI Aviation Ltd. has a 52-week low of $146.48 and a 52-week high of $323.51.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.12. FTAI Aviation had a net margin of 15.46% and a return on equity of 135.72%. The company had revenue of $977.66 million for the quarter. During the same period in the prior year, the business earned $1.10 EPS. The business's revenue for the quarter was up 46.6% on a year-over-year basis. Equities research analysts expect that FTAI Aviation Ltd. will post 5.37 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. FTAI Aviation's dividend payout ratio (DPR) is presently 40.57%.

FTAI Aviation Profile

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.

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