Paradoxiom Capital L.P. Buys New Shares in FTAI Aviation Ltd. $FTAI

Key Points

• Paradoxiom Capital L.P. has acquired 38,456 shares of FTAI Aviation Ltd., valued at approximately $4.27 million, making it the 12th largest position in their portfolio.
• Several institutional investors have recently increased their holdings in FTAI Aviation, with Royce & Associates LP notably raising its stake by 97.9% during the 1st quarter.
• FTAI Aviation reported a quarterly EPS of $1.57, exceeding analyst expectations, despite revenues of $676.24 million falling short of forecasts, showing a year-on-year revenue increase of 52.4%.

Paradoxiom Capital L.P. bought a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 38,456 shares of the financial services provider's stock, valued at approximately $4,270,000. FTAI Aviation comprises 2.8% of Paradoxiom Capital L.P.'s holdings, making the stock its 12th largest holding.

Several other large investors have also recently added to or reduced their stakes in FTAI. Versant Capital Management Inc boosted its holdings in shares of FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after buying an additional 181 shares during the period. Virtus Fund Advisers LLC acquired a new stake in FTAI Aviation in the fourth quarter worth $26,000. Virtus Advisers LLC bought a new position in shares of FTAI Aviation during the first quarter worth about $29,000. Rakuten Securities Inc. bought a new position in shares of FTAI Aviation during the first quarter worth about $34,000. Finally, Rossby Financial LCC acquired a new stake in shares of FTAI Aviation in the 1st quarter worth about $45,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Price Performance

Shares of NASDAQ FTAI traded up $1.73 during mid-day trading on Thursday, reaching $169.85. 1,356,644 shares of the company traded hands, compared to its average volume of 2,186,380. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64. The firm has a market cap of $17.42 billion, a PE ratio of 42.04 and a beta of 1.65. The stock has a fifty day simple moving average of $134.35 and a 200-day simple moving average of $119.76.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, topping 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 return on equity of 465.13% and a net margin of 21.31%.During the same period in the prior year, the firm posted ($2.26) earnings per share. The firm's revenue for the quarter was up 52.4% compared to the same quarter last year. As a group, analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.7%. FTAI Aviation's dividend payout ratio (DPR) is currently 29.70%.

Analyst Upgrades and Downgrades

Several research firms have commented on FTAI. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Royal Bank Of Canada boosted their price objective on FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Wall Street Zen lowered FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Morgan Stanley raised their target price on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. Finally, JMP Securities lifted their target price 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 assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average 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.