Harbour Investments Inc. Has $1.12 Million Stake in FTAI Aviation Ltd. $FTAI

Key Points

• Harbour Investments Inc. significantly increased its stake in FTAI Aviation Ltd. by 948.8% during the second quarter, bringing its total value to approximately $1.12 million.
• FTAI Aviation reported earnings of $1.57 per share for the last quarter, surpassing analyst expectations, and showing a revenue increase of 52.4% year-over-year.
• The company recently announced a quarterly dividend of $0.30 per share, resulting in an annual yield of 0.7%, with an institutional ownership rate of 88.96%.

Harbour Investments Inc. raised its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 948.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,733 shares of the financial services provider's stock after acquiring an additional 8,805 shares during the period. Harbour Investments Inc.'s holdings in FTAI Aviation were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FTAI. Virtus Advisers LLC acquired a new position in FTAI Aviation in the first quarter valued at about $29,000. Parallel Advisors LLC boosted its position in shares of FTAI Aviation by 78.5% during the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock worth $35,000 after buying an additional 135 shares during the period. Rossby Financial LCC acquired a new position in shares of FTAI Aviation during the first quarter worth about $45,000. GAMMA Investing LLC boosted its position in shares of FTAI Aviation by 124.1% during the first quarter. GAMMA Investing LLC now owns 428 shares of the financial services provider's stock worth $48,000 after buying an additional 237 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of FTAI Aviation during the first quarter worth about $53,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

FTAI opened at $166.67 on Friday. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $184.44. The firm has a market capitalization of $17.10 billion, a PE ratio of 41.26 and a beta of 1.70. The business's 50-day simple moving average is $161.83 and its 200 day simple moving average is $130.61.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The business had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. During the same quarter in the prior year, the company posted ($2.26) earnings per share. FTAI Aviation's revenue was up 52.4% on a year-over-year basis. On average, 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 Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were paid a $0.30 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.7%. FTAI Aviation's dividend payout ratio is currently 29.70%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of FTAI Aviation in a research report on Wednesday, October 8th. Barclays upped their price objective on FTAI Aviation from $150.00 to $195.00 and gave the stock an "overweight" rating in a research report on Thursday, October 2nd. Jones Trading assumed coverage on FTAI Aviation in a research report on Friday, October 10th. They set a "buy" rating and a $306.00 price objective for the company. BTIG Research upped their price objective on FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Finally, Morgan Stanley upped their price objective on FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $201.25.

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.

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