Long Focus Capital Management LLC Boosts Stock Holdings in FTAI Aviation Ltd. $FTAI

Key Points

• Long Focus Capital Management LLC increased its stake in FTAI Aviation Ltd. by 64.6%, acquiring an additional 310,000 shares, and now holds approximately 790,000 shares of the company.
• FTAI Aviation has reported a 52.4% year-over-year revenue increase for the last quarter, with earnings per share of $1.57, surpassing estimates.
• Several brokerages have raised their price targets for FTAI Aviation, with JMP Securities increasing its target from $180.00 to $205.00, reflecting a positive outlook for the stock.

Long Focus Capital Management LLC lifted its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 64.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 790,000 shares of the financial services provider's stock after purchasing an additional 310,000 shares during the period. FTAI Aviation accounts for 2.9% of Long Focus Capital Management LLC's portfolio, making the stock its 6th largest holding. Long Focus Capital Management LLC owned 0.77% of FTAI Aviation worth $87,714,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FTAI. NewEdge Advisors LLC bought a new stake in shares of FTAI Aviation during the 4th quarter worth about $145,000. Dimensional Fund Advisors LP boosted its holdings in shares of FTAI Aviation by 182.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 238,184 shares of the financial services provider's stock worth $34,175,000 after buying an additional 153,738 shares during the period. Boothbay Fund Management LLC bought a new stake in shares of FTAI Aviation during the 4th quarter worth about $270,000. The Manufacturers Life Insurance Company boosted its holdings in shares of FTAI Aviation by 3.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 50,923 shares of the financial services provider's stock worth $7,335,000 after buying an additional 1,867 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of FTAI Aviation by 7.3% during the 4th quarter. Northern Trust Corp now owns 1,035,951 shares of the financial services provider's stock worth $149,218,000 after buying an additional 70,775 shares during the period. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Up 2.3%

NASDAQ FTAI traded up $3.52 on Thursday, hitting $154.41. The company's stock had a trading volume of 331,063 shares, compared to its average volume of 2,202,895. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64. The company's 50-day moving average is $129.82 and its 200 day moving average is $118.53. The firm has a market cap of $15.84 billion, a PE ratio of 38.22 and a beta of 1.65.

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 (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The firm had revenue of $676.24 million during the quarter, compared to analysts' expectations of $754.75 million. During the same period in the prior year, the company posted ($2.26) EPS. The company's revenue was up 52.4% on a year-over-year basis. On average, equities analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's dividend payout ratio is currently 29.70%.

Wall Street Analyst Weigh In

Several analysts recently commented on FTAI shares. BTIG Research lifted their target price on shares of FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, August 25th. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada boosted their target price on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Wall Street Zen cut shares of FTAI Aviation from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, JMP Securities boosted their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $182.83.

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.