FTAI Aviation Ltd. $FTAI Holdings Decreased by Next Century Growth Investors LLC

Key Points

• Next Century Growth Investors LLC sold 14,509 shares of FTAI Aviation Ltd., reducing its position by 13.0%, leaving it with 97,500 shares valued at approximately $10.8 million.
• FTAI Aviation recently reported earnings of $1.57 per share, exceeding analysts' expectations of $1.33, while its quarterly revenue was up 52.4% year-over-year but fell short of estimates.
• The company announced a quarterly dividend of $0.30, marking an annualized dividend yield of 0.8%, with a dividend payout ratio of 29.70%.

Next Century Growth Investors LLC lowered its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 13.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,500 shares of the financial services provider's stock after selling 14,509 shares during the period. Next Century Growth Investors LLC owned approximately 0.10% of FTAI Aviation worth $10,825,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in FTAI Aviation by 159.6% during the 1st quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider's stock valued at $260,658,000 after acquiring an additional 1,443,440 shares in the last quarter. Two Sigma Advisers LP raised its stake in FTAI Aviation by 24.5% during the 4th quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock valued at $188,030,000 after acquiring an additional 256,800 shares in the last quarter. Northern Trust Corp raised its stake in 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 valued at $149,218,000 after acquiring an additional 70,775 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in FTAI Aviation by 30.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 964,529 shares of the financial services provider's stock valued at $107,092,000 after acquiring an additional 225,920 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in FTAI Aviation by 16.6% during the 4th quarter. Two Sigma Investments LP now owns 844,772 shares of the financial services provider's stock valued at $121,681,000 after acquiring an additional 120,289 shares in the last quarter. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Trading Down 3.4%

Shares of FTAI Aviation stock traded down $5.22 on Tuesday, reaching $148.63. 402,409 shares of the company were exchanged, compared to its average volume of 2,218,311. The stock has a fifty day moving average price of $129.00 and a 200-day moving average price of $118.08. The firm has a market capitalization of $15.24 billion, a price-to-earnings ratio of 36.79 and a beta of 1.65. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.24. The company had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.FTAI Aviation's revenue for the quarter was up 52.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.26) earnings per share. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

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

Wall Street Analysts Forecast Growth

FTAI has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Wall Street Zen downgraded FTAI Aviation from a "buy" rating to a "hold" rating in a research note on Saturday. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Zacks Research raised FTAI Aviation from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Finally, Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. One 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $182.83.

FTAI Aviation Profile

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.