FTAI Aviation Ltd. (NASDAQ:FTAI) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lessened its stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 24.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,120 shares of the financial services provider's stock after selling 87,078 shares during the quarter. FTAI Aviation comprises approximately 2.2% of Emerald Mutual Fund Advisers Trust's investment portfolio, making the stock its 3rd biggest holding. Emerald Mutual Fund Advisers Trust owned approximately 0.27% of FTAI Aviation worth $30,325,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Xponance Inc. increased its position in FTAI Aviation by 5.1% in the 1st quarter. Xponance Inc. now owns 7,704 shares of the financial services provider's stock valued at $855,000 after acquiring an additional 377 shares in the last quarter. Cerity Partners LLC raised its stake in shares of FTAI Aviation by 176.7% during the first quarter. Cerity Partners LLC now owns 4,035 shares of the financial services provider's stock worth $448,000 after buying an additional 2,577 shares during the last quarter. Arcadia Investment Management Corp MI raised its stake in shares of FTAI Aviation by 73.0% during the first quarter. Arcadia Investment Management Corp MI now owns 815 shares of the financial services provider's stock worth $90,000 after buying an additional 344 shares during the last quarter. AlphaStar Capital Management LLC bought a new stake in shares of FTAI Aviation during the first quarter worth approximately $222,000. Finally, Bank of New York Mellon Corp raised its stake in shares of FTAI Aviation by 7.2% during the first quarter. Bank of New York Mellon Corp now owns 397,819 shares of the financial services provider's stock worth $44,170,000 after buying an additional 26,876 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Stock Down 1.5%

FTAI Aviation stock opened at $110.98 on Friday. The stock has a market capitalization of $11.38 billion, a PE ratio of 528.48 and a beta of 1.62. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The company has a 50 day moving average of $118.39 and a 200-day moving average of $115.64.

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

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, May 16th. FTAI Aviation's dividend payout ratio (DPR) is presently 571.43%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus raised 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. Morgan Stanley dropped their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Wall Street Zen raised shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Barclays dropped 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. Finally, JMP Securities decreased their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a report on Thursday, May 8th. One investment 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 stock. According to data from MarketBeat.com, FTAI Aviation currently has a consensus rating of "Moderate Buy" and an average price target of $171.83.

Insider Activity

In related news, COO David Moreno purchased 6,580 shares of FTAI Aviation stock in a transaction dated 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 completion of the acquisition, the chief operating officer directly owned 231,623 shares of the company's stock, valued at $21,969,441.55. This represents a 2.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph P. Jr. Adams acquired 3,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was acquired at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the transaction, the chief executive officer owned 341,852 shares of the company's stock, valued at $32,318,688.08. This represents a 0.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 10,667 shares of company stock worth $1,008,715 over the last quarter. 1.30% of the stock is currently owned by company insiders.

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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