Harbour Investments Inc. reduced its position in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 79.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 928 shares of the financial services provider's stock after selling 3,655 shares during the period. Harbour Investments Inc.'s holdings in FTAI Aviation were worth $103,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in FTAI. Amalgamated Bank boosted its position in FTAI Aviation by 3.5% during the 1st quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock valued at $391,000 after acquiring an additional 120 shares in the last quarter. AE Wealth Management LLC raised its position in shares of FTAI Aviation by 6.3% in the 1st quarter. AE Wealth Management LLC now owns 2,430 shares of the financial services provider's stock valued at $270,000 after purchasing an additional 145 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in FTAI Aviation during the 4th quarter worth about $26,000. Versant Capital Management Inc lifted its position in FTAI Aviation by 420.9% during the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after acquiring an additional 181 shares during the period. Finally, Transce3nd LLC acquired a new stake in FTAI Aviation during the 4th quarter worth about $29,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.
FTAI Aviation Stock Performance
Shares of FTAI Aviation stock traded up $4.84 on Tuesday, hitting $142.56. The company's stock had a trading volume of 958,094 shares, compared to its average volume of 2,325,806. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64. The firm has a fifty day moving average price of $122.45 and a 200-day moving average price of $114.06. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 35.29 and a beta of 1.61.
FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating 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 firm had revenue of $676.24 million during the quarter, compared to analyst estimates of $754.75 million. During the same quarter in the previous year, the business earned ($2.26) EPS. FTAI Aviation's revenue for the quarter was up 52.4% compared to the same quarter last year. As a group, analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.
FTAI Aviation Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, August 12th. FTAI Aviation's payout ratio is 29.70%.
Analysts Set New Price Targets
A number of brokerages have commented on FTAI. Wall Street Zen raised FTAI Aviation from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada lifted their price target on FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Barclays reduced their price objective on 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, Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, FTAI Aviation has a consensus rating of "Buy" and a consensus price target of $176.42.
Check Out Our Latest Report on FTAI
About FTAI Aviation
(
Free Report)
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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