Quantbot Technologies LP Cuts Stock Holdings in FTAI Infrastructure Inc. $FIP

Key Points

• Quantbot Technologies LP has cut its holdings in FTAI Infrastructure Inc. by 58.8%, leaving it with 46,337 shares valued at approximately $210,000.
• A significant increase in investments was seen from American Assets Investment Management LLC, which raised its stake by 1,780.5% to own over 3.5 million shares worth $16.2 million.
• FTAI Infrastructure recently announced a dividend of $0.03 per share, reflecting an annualized yield of 2.3%, despite reporting a negative earnings per share for the last quarter.

Quantbot Technologies LP lessened its stake in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 58.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,337 shares of the company's stock after selling 66,007 shares during the period. Quantbot Technologies LP's holdings in FTAI Infrastructure were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. American Assets Investment Management LLC boosted its stake in FTAI Infrastructure by 1,780.5% in the first quarter. American Assets Investment Management LLC now owns 3,584,490 shares of the company's stock valued at $16,238,000 after acquiring an additional 3,393,879 shares in the last quarter. Northern Trust Corp boosted its stake in FTAI Infrastructure by 7.0% in the fourth quarter. Northern Trust Corp now owns 913,981 shares of the company's stock valued at $6,636,000 after acquiring an additional 59,674 shares in the last quarter. Tejara Capital Ltd acquired a new position in FTAI Infrastructure in the first quarter valued at $1,334,000. Bank of America Corp DE boosted its stake in FTAI Infrastructure by 25.5% in the fourth quarter. Bank of America Corp DE now owns 676,954 shares of the company's stock valued at $4,915,000 after acquiring an additional 137,405 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in FTAI Infrastructure by 767.5% in the fourth quarter. Ameriprise Financial Inc. now owns 245,192 shares of the company's stock valued at $1,780,000 after acquiring an additional 216,927 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Transactions at FTAI Infrastructure

In other news, CFO Carl Russell Iv Fletcher purchased 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average cost of $4.48 per share, with a total value of $44,800.00. Following the completion of the acquisition, the chief financial officer directly owned 30,000 shares of the company's stock, valued at approximately $134,400. This trade represents a 50.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.17% of the stock is owned by corporate insiders.

FTAI Infrastructure Stock Performance

Shares of FIP traded down $0.31 during mid-day trading on Tuesday, hitting $4.49. 2,128,704 shares of the company's stock were exchanged, compared to its average volume of 3,449,847. FTAI Infrastructure Inc. has a fifty-two week low of $3.10 and a fifty-two week high of $9.96. The firm has a market capitalization of $516.75 million, a P/E ratio of -2.93 and a beta of 1.87. The business's 50 day moving average is $5.87 and its two-hundred day moving average is $5.36. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 13.30.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last announced its earnings results 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 company also recently declared a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Monday, August 25th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 25th. FTAI Infrastructure's dividend payout ratio is currently -7.84%.

About FTAI Infrastructure

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.