PDT Partners LLC Has $308,000 Position in FTAI Infrastructure Inc. $FIP

Key Points

• PDT Partners LLC significantly reduced its stake in FTAI Infrastructure Inc., cutting holdings by 78.8% to 67,942 shares, worth approximately $308,000.
• Despite PDT Partners' sell-off, other institutional investors like Long Focus Capital Management and American Assets Investment Management dramatically increased their stakes by over 800% during the first quarter.
• FTAI Infrastructure recently reported a loss of ($0.73) EPS for the quarter, missing analysts' expectations, and announced a quarterly dividend of $0.03 per share.

PDT Partners LLC lowered its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 78.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,942 shares of the company's stock after selling 252,119 shares during the period. PDT Partners LLC owned about 0.06% of FTAI Infrastructure worth $308,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FIP. Long Focus Capital Management LLC boosted its stake in shares of FTAI Infrastructure by 820.7% during the 1st quarter. Long Focus Capital Management LLC now owns 4,766,162 shares of the company's stock valued at $21,591,000 after buying an additional 4,248,503 shares during the period. American Assets Investment Management LLC lifted its stake in shares of FTAI Infrastructure by 1,780.5% in the 1st quarter. American Assets Investment Management LLC now owns 3,584,490 shares of the company's stock valued at $16,238,000 after purchasing an additional 3,393,879 shares during the last quarter. Highland Peak Capital LLC lifted its stake in shares of FTAI Infrastructure by 127.4% in the 1st quarter. Highland Peak Capital LLC now owns 3,466,774 shares of the company's stock valued at $15,704,000 after purchasing an additional 1,942,035 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of FTAI Infrastructure by 49.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,081,888 shares of the company's stock valued at $15,115,000 after purchasing an additional 687,413 shares during the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new stake in shares of FTAI Infrastructure in the fourth quarter worth about $2,859,000. Institutional investors and hedge funds own 87.43% of the company's stock.

Insider Buying and Selling at FTAI Infrastructure

In other FTAI Infrastructure news, CFO Carl Russell Iv Fletcher acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was acquired at an average price of $4.48 per share, with a total value of $44,800.00. Following the transaction, the chief financial officer owned 30,000 shares of the company's stock, valued at approximately $134,400. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.40% of the company's stock.

FTAI Infrastructure Stock Performance

FIP stock traded up $0.26 during mid-day trading on Thursday, reaching $4.48. 1,867,519 shares of the stock traded hands, compared to its average volume of 2,707,149. The firm has a market capitalization of $515.60 million, a PE ratio of -2.93 and a beta of 1.87. The business has a 50-day moving average of $5.58 and a two-hundred day moving average of $5.27. FTAI Infrastructure Inc. has a 52 week low of $3.10 and a 52 week high of $9.96. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 13.30.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.36). FTAI Infrastructure had a negative return on equity of 10.14% and a negative net margin of 20.85%.The business had revenue of $122.29 million for the quarter, compared to analyst estimates of $151.77 million.

FTAI Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, August 25th. FTAI Infrastructure's payout ratio is currently -7.84%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut FTAI Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, FTAI Infrastructure currently has an average rating of "Buy" and a consensus target price of $12.00.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.