FTAI Infrastructure Inc. (NASDAQ:FIP) Shares Acquired by Highland Peak Capital LLC

Key Points

• Highland Peak Capital LLC increased its stake in FTAI Infrastructure Inc. by 127.4%, acquiring an additional 1,942,035 shares and making it their 4th largest holding.
• FTAI Infrastructure Inc. experienced a mixed quarterly earnings report, with an EPS of $0.89, surpassing the expected negative number, but failing to meet revenue estimates of $107.84 million.
• Institutional investors own 87.43% of FTAI Infrastructure's stock, indicating significant institutional interest in the company.

Highland Peak Capital LLC increased its stake in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 127.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,466,774 shares of the company's stock after buying an additional 1,942,035 shares during the quarter. FTAI Infrastructure comprises approximately 11.6% of Highland Peak Capital LLC's holdings, making the stock its 4th largest holding. Highland Peak Capital LLC owned approximately 3.02% of FTAI Infrastructure worth $15,704,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FIP. Stephens Inc. AR raised its holdings in shares of FTAI Infrastructure by 10.6% in the first quarter. Stephens Inc. AR now owns 33,450 shares of the company's stock valued at $152,000 after acquiring an additional 3,200 shares in the last quarter. Invesco Ltd. grew its stake in FTAI Infrastructure by 1.8% in the fourth quarter. Invesco Ltd. now owns 196,041 shares of the company's stock valued at $1,423,000 after purchasing an additional 3,409 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in FTAI Infrastructure by 19.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 22,326 shares of the company's stock valued at $162,000 after purchasing an additional 3,610 shares during the last quarter. MetLife Investment Management LLC grew its stake in FTAI Infrastructure by 10.0% in the fourth quarter. MetLife Investment Management LLC now owns 65,575 shares of the company's stock valued at $476,000 after purchasing an additional 5,961 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in FTAI Infrastructure by 18.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,998 shares of the company's stock valued at $284,000 after purchasing an additional 5,973 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

FTAI Infrastructure Stock Performance

NASDAQ:FIP traded down $1.26 during trading hours on Friday, reaching $4.98. The company had a trading volume of 7,224,578 shares, compared to its average volume of 1,704,857. FTAI Infrastructure Inc. has a 1-year low of $3.10 and a 1-year high of $9.99. The firm has a market cap of $571.50 million, a PE ratio of -3.25 and a beta of 1.89. The business's 50 day moving average price is $6.38 and its 200-day moving average price is $5.61. The company has a debt-to-equity ratio of 7.90, a current ratio of 0.86 and a quick ratio of 0.86.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.36). FTAI Infrastructure had a negative net margin of 20.85% and a negative return on equity of 10.19%. The company had revenue of $122.29 million during the quarter, compared to analyst estimates of $151.77 million.

FTAI Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Monday, August 25th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, August 25th. FTAI Infrastructure's dividend payout ratio is presently -9.09%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FIP shares. JMP Securities restated a "market outperform" rating and set a $12.00 price objective on shares of FTAI Infrastructure in a report on Tuesday, April 22nd. Wall Street Zen lowered FTAI Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday.

FTAI Infrastructure Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.