Polar Asset Management Partners Inc. Sells 86,844 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Polar Asset Management Partners Inc. decreased its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 86.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,756 shares of the financial services provider's stock after selling 86,844 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in FTAI Aviation were worth $1,981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FTAI. Capital International Investors boosted its holdings in shares of FTAI Aviation by 39.7% in the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock worth $1,537,940,000 after buying an additional 3,034,838 shares during the last quarter. Norges Bank purchased a new position in shares of FTAI Aviation in the fourth quarter worth approximately $183,688,000. William Blair Investment Management LLC purchased a new position in shares of FTAI Aviation in the fourth quarter worth approximately $174,372,000. Shellback Capital LP purchased a new position in shares of FTAI Aviation in the fourth quarter worth approximately $76,510,000. Finally, Two Sigma Advisers LP raised its stake in FTAI Aviation by 24.5% during the 4th quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock worth $188,030,000 after acquiring an additional 256,800 shares during the period. Hedge funds and other institutional investors own 88.96% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on FTAI shares. Barclays decreased their target price 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. Morgan Stanley decreased their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. 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 restated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Finally, Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $171.83.

FTAI Aviation Price Performance

Shares of FTAI stock traded down $0.70 during mid-day trading on Friday, hitting $117.05. The company had a trading volume of 1,023,002 shares, compared to its average volume of 1,783,387. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64. The stock's 50 day moving average price is $106.15 and its 200-day moving average price is $122.12. The company has a market capitalization of $12.00 billion, a P/E ratio of -1,170.38 and a beta of 1.64.

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 return on equity of 206.25% and a net margin of 1.59%. During the same quarter in the prior year, the firm posted $0.31 earnings per share. FTAI Aviation's revenue was up 53.7% on a year-over-year basis. On average, equities research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's dividend payout ratio is presently 571.43%.

Insider Buying and Selling

In other news, COO David Moreno acquired 6,580 shares of the company's stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of $94.85 per share, with a total value of $624,113.00. Following the completion of the purchase, the chief operating officer now directly owns 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph P. Jr. Adams acquired 3,000 shares of the company's stock in a transaction on Friday, May 2nd. The shares were purchased at an average cost of $94.54 per share, with a total value of $283,620.00. Following the completion of the purchase, the chief executive officer now directly owns 341,852 shares of the company's stock, valued at $32,318,688.08. This trade represents a 0.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 10,667 shares of company stock worth $1,008,715. Insiders own 1.60% of the company's stock.

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.