FTAI Aviation Ltd. (NASDAQ:FTAI) Stake Cut by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lowered its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 24.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 273,120 shares of the financial services provider's stock after selling 87,078 shares during the period. FTAI Aviation accounts for approximately 2.2% of Emerald Mutual Fund Advisers Trust's holdings, making the stock its 3rd largest position. Emerald Mutual Fund Advisers Trust owned about 0.27% of FTAI Aviation worth $30,325,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Amalgamated Bank grew its holdings in 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 purchasing an additional 120 shares during the period. Virtus Fund Advisers LLC bought a new position in FTAI Aviation during the fourth quarter worth about $26,000. Versant Capital Management Inc grew its holdings in FTAI Aviation by 420.9% during 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 period. Transce3nd LLC bought a new position in FTAI Aviation during the fourth quarter worth about $29,000. Finally, Kapitalo Investimentos Ltda bought a new position in FTAI Aviation during the fourth quarter worth about $30,000. Institutional investors own 88.96% of the company's stock.

Insiders Place Their Bets

In related news, insider Stacy Kuperus acquired 1,087 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were purchased at an average cost of $92.90 per share, with a total value of $100,982.30. Following the completion of the acquisition, the insider directly owned 88,423 shares of the company's stock, valued at $8,214,496.70. This represents a 1.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph P. Jr. Adams acquired 3,000 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was purchased at an average price of $94.54 per share, with a total value of $283,620.00. Following the transaction, the chief executive officer owned 341,852 shares of the company's stock, valued at approximately $32,318,688.08. This trade represents a 0.89% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 10,667 shares of company stock valued at $1,008,715. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FTAI has been the subject of a number of analyst reports. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada decreased their target price on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Wall Street Zen upgraded shares of FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus upgraded shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective on the stock in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $171.83.

FTAI Aviation Trading Down 0.8%

FTAI Aviation stock traded down $0.87 during mid-day trading on Tuesday, hitting $113.79. The stock had a trading volume of 1,255,509 shares, compared to its average volume of 2,455,830. The firm has a market capitalization of $11.67 billion, a P/E ratio of 541.86 and a beta of 1.62. The firm's 50 day moving average is $118.39 and its 200 day moving average is $115.45. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a return on equity of 438.32% and a net margin of 3.74%. FTAI Aviation's revenue for the quarter was up 53.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. As a group, equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Friday, May 16th. FTAI Aviation's dividend payout ratio (DPR) is 571.43%.

FTAI Aviation Company 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.