GAMMA Investing LLC Increases Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

GAMMA Investing LLC increased its position in shares of FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 24,780.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,521 shares of the financial services provider's stock after buying an additional 47,330 shares during the quarter. GAMMA Investing LLC's holdings in FTAI Aviation were worth $5,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in FTAI Aviation by 2.2% during the 4th quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider's stock worth $20,464,000 after acquiring an additional 3,121 shares during the last quarter. Channing Capital Management LLC increased its position in FTAI Aviation by 15.0% in the fourth quarter. Channing Capital Management LLC now owns 61,531 shares of the financial services provider's stock worth $8,863,000 after buying an additional 8,023 shares during the last quarter. Clearbridge Investments LLC increased its holdings in FTAI Aviation by 104.3% in the 4th quarter. Clearbridge Investments LLC now owns 463,411 shares of the financial services provider's stock worth $66,750,000 after acquiring an additional 236,556 shares during the last quarter. Cynosure Group LLC bought a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $321,000. Finally, Entropy Technologies LP purchased a new stake in shares of FTAI Aviation during the fourth quarter worth $545,000. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Price Performance

FTAI stock traded up $0.03 on Friday, reaching $123.77. 1,201,687 shares of the company traded hands, compared to its average volume of 1,775,736. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64. The company has a market cap of $12.69 billion, a P/E ratio of -1,237.58 and a beta of 1.66. The firm has a fifty day simple moving average of $109.04 and a 200-day simple moving average of $119.69.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced 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 1.59% and a return on equity of 206.25%. During the same quarter in the prior year, the company posted $0.31 EPS. FTAI Aviation's revenue for the quarter was up 53.7% compared to the same quarter last year. On average, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.97%. FTAI Aviation's payout ratio is 571.43%.

Insider Activity

In other FTAI Aviation news, insider Stacy Kuperus bought 1,087 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the transaction, the insider now owns 88,423 shares of the company's stock, valued at $8,214,496.70. This trade represents a 1.24% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joseph P. Jr. Adams bought 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the purchase, the chief executive officer now directly owns 341,852 shares in the company, valued at $32,318,688.08. This trade represents a 0.89% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 10,667 shares of company stock valued at $1,008,715 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FTAI has been the subject of several recent analyst reports. Royal Bank of Canada reduced their price objective on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Barclays decreased their price target 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. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. Morgan Stanley cut their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Wall Street Zen upgraded FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $171.83.

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.