Pingora Partners LLC Has $33.95 Million Holdings in FTAI Aviation Ltd. $FTAI

Key Points

• Pingora Partners LLC increased its stake in FTAI Aviation Ltd. by 1.3%, making it the firm's largest position, valued at approximately $33.95 million.
• Analysts have mostly rated FTAI Aviation as a Buy, with price targets raised by firms such as BTIG Research and Morgan Stanley, indicating strong future performance expectations.
• FTAI Aviation recently declared a quarterly dividend of $0.30 per share, yielding 0.8%, reflecting a payout ratio of 29.70%.

Pingora Partners LLC raised its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 305,776 shares of the financial services provider's stock after buying an additional 4,055 shares during the quarter. FTAI Aviation makes up approximately 25.2% of Pingora Partners LLC's holdings, making the stock its largest holding. Pingora Partners LLC owned 0.30% of FTAI Aviation worth $33,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its holdings in FTAI Aviation by 27.3% in the 1st 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 during the period. WCM Investment Management LLC lifted its stake in shares of FTAI Aviation by 11.2% in the 1st quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider's stock valued at $27,200,000 after purchasing an additional 24,296 shares in the last quarter. Royce & Associates LP lifted its stake in shares of FTAI Aviation by 97.9% in the 1st quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider's stock valued at $45,661,000 after purchasing an additional 203,447 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of FTAI Aviation by 24,780.1% in the 1st quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider's stock valued at $5,276,000 after purchasing an additional 47,330 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of FTAI Aviation by 5.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,879 shares of the financial services provider's stock valued at $986,000 after purchasing an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Trading Up 1.7%

FTAI stock traded up $2.80 during midday trading on Thursday, hitting $170.92. 347,920 shares of the company's stock were exchanged, 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 firm has a 50 day moving average price of $134.35 and a 200-day moving average price of $119.76. The stock has a market capitalization of $17.53 billion, a price-to-earnings 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, topping the consensus estimate of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The company had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. During the same period in the previous year, the business earned ($2.26) EPS. FTAI Aviation's revenue for the quarter was up 52.4% compared to the same quarter last year. On average, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. FTAI Aviation's payout ratio is 29.70%.

Analyst Ratings Changes

Several research firms have recently weighed in on FTAI. Wall Street Zen lowered FTAI Aviation from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. BTIG Research raised their target price on FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a report on Monday, August 25th. Royal Bank Of Canada boosted their price target on FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Zacks Research raised FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Finally, Citigroup reissued a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average 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.