Murchinson Ltd. boosted its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 100.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in FTAI Aviation by 27.3% in the first quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider's stock valued at $16,405,000 after buying an additional 31,694 shares in the last quarter. WCM Investment Management LLC boosted its stake in FTAI Aviation by 11.2% in the first quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider's stock valued at $27,200,000 after buying an additional 24,296 shares in the last quarter. Royce & Associates LP boosted its stake in FTAI Aviation by 97.9% in the first quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider's stock valued at $45,661,000 after buying an additional 203,447 shares in the last quarter. GAMMA Investing LLC boosted its stake in FTAI Aviation by 24,780.1% in the first quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider's stock valued at $5,276,000 after buying an additional 47,330 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in FTAI Aviation by 5.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,879 shares of the financial services provider's stock valued at $986,000 after buying an additional 443 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
FTAI has been the topic of a number of recent research reports. Zacks Research raised FTAI Aviation from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Morgan Stanley lifted their price target on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. 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 research note on Thursday, July 31st. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Finally, JMP Securities lifted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $182.83.
Get Our Latest Stock Report on FTAI Aviation
FTAI Aviation Price Performance
FTAI traded up $2.80 during trading on Thursday, reaching $170.92. The company had a trading volume of 347,920 shares, compared to its average volume of 2,180,300. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $181.64. The business's fifty day moving average price is $134.35 and its 200 day moving average price is $119.76. The company has a market cap of $17.53 billion, a P/E ratio of 42.31 and a beta of 1.65.
FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. During the same period last year, the company earned ($2.26) earnings per share. The firm's revenue was up 52.4% compared to the same quarter last year. As a group, sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.
FTAI Aviation Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 12th. FTAI Aviation's payout ratio is presently 29.70%.
FTAI Aviation Profile
(
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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