Murchinson Ltd. grew its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 100.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the financial services provider's stock after buying an additional 5,000 shares during the quarter. Murchinson Ltd.'s holdings in FTAI Aviation were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in FTAI. BNP Paribas Financial Markets acquired a new stake in shares of FTAI Aviation during the 4th quarter valued at about $19,511,000. Cary Street Partners Financial LLC acquired a new stake in shares of FTAI Aviation during the 4th quarter valued at about $432,000. Centiva Capital LP acquired a new stake in shares of FTAI Aviation during the 4th quarter valued at about $295,000. Crestline Management LP acquired a new stake in shares of FTAI Aviation during the 4th quarter valued at about $950,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of FTAI Aviation by 179.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,562 shares of the financial services provider's stock valued at $657,000 after buying an additional 2,931 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.
FTAI Aviation Price Performance
Shares of FTAI stock traded up $12.42 during trading on Monday, reaching $166.42. The company had a trading volume of 2,325,648 shares, compared to its average volume of 1,025,775. The firm's 50 day simple moving average is $132.22 and its two-hundred day simple moving average is $119.10. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $181.64. The company has a market capitalization of $17.07 billion, a PE ratio of 41.19 and a beta of 1.65.
FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, topping the consensus estimate of $1.33 by $0.24. The company had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The company's revenue for the quarter was up 52.4% on a year-over-year basis. During the same period in the previous year, the business posted ($2.26) EPS. 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 declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's payout ratio is currently 29.70%.
Wall Street Analyst Weigh In
FTAI has been the subject of several research reports. Wall Street Zen lowered FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Royal Bank Of Canada lifted their price target on FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. BTIG Research raised their price objective on FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, August 25th. JMP Securities raised their price objective on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley raised their price objective on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, FTAI Aviation presently has a consensus rating of "Buy" and a consensus price target of $182.83.
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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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