FTAI Aviation Ltd. $FTAI Shares Sold by Newbrook Capital Advisors LP

Key Points

• Newbrook Capital Advisors LP has reduced its investment in FTAI Aviation Ltd. by 27.6%, now holding 455,258 shares, making it the firm's 3rd largest holding.
• Other institutional investors have shown varying trends, with Long Focus Capital Management LLC increasing its stake by 64.6%, now owning 790,000 shares worth approximately $87.7 million.
• FTAI Aviation reported $1.57 EPS in its latest quarter, beating estimates, while also announcing a quarterly dividend of $0.30, resulting in a 0.8% dividend yield.

Newbrook Capital Advisors LP reduced its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 27.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 455,258 shares of the financial services provider's stock after selling 173,892 shares during the period. FTAI Aviation accounts for about 8.0% of Newbrook Capital Advisors LP's portfolio, making the stock its 3rd largest holding. Newbrook Capital Advisors LP owned about 0.44% of FTAI Aviation worth $50,547,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Long Focus Capital Management LLC grew its position in shares of FTAI Aviation by 64.6% in the 1st quarter. Long Focus Capital Management LLC now owns 790,000 shares of the financial services provider's stock valued at $87,714,000 after acquiring an additional 310,000 shares during the period. Panagora Asset Management Inc. grew its position in shares of FTAI Aviation by 35.0% in the 1st quarter. Panagora Asset Management Inc. now owns 96,596 shares of the financial services provider's stock valued at $10,725,000 after acquiring an additional 25,066 shares during the period. Hiddenite Capital Partners LP grew its position in shares of FTAI Aviation by 40.0% in the 1st quarter. Hiddenite Capital Partners LP now owns 70,000 shares of the financial services provider's stock valued at $7,772,000 after acquiring an additional 20,000 shares during the period. Vident Advisory LLC bought a new position in shares of FTAI Aviation in the 1st quarter valued at about $323,000. Finally, Broad Bay Capital Management LP grew its position in shares of FTAI Aviation by 26.8% in the 1st quarter. Broad Bay Capital Management LP now owns 236,173 shares of the financial services provider's stock valued at $26,222,000 after acquiring an additional 49,885 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 1.0%

NASDAQ FTAI traded down $1.55 during trading on Friday, reaching $154.00. The company's stock had a trading volume of 1,489,286 shares, compared to its average volume of 980,949. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 38.12 and a beta of 1.65. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $181.64. The firm has a 50 day moving average price of $131.19 and a 200 day moving average price of $119.06.

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. The firm had revenue of $676.24 million during the quarter, compared to the consensus estimate of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The business's revenue for the quarter was up 52.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($2.26) EPS. On average, equities analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on FTAI. Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Wall Street Zen downgraded shares of FTAI Aviation from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. 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. Royal Bank Of Canada lifted their target price on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Morgan Stanley lifted their target price on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price 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.