400,000 Shares in FTAI Aviation Ltd. $FTAI Purchased by Sessa Capital IM L.P.

Key Points

• Sessa Capital IM L.P. has acquired a new stake in FTAI Aviation Ltd., purchasing 400,000 shares valued at approximately $44.41 million, making it the firm's 14th largest position.
• Analysts recently increased their price objectives for FTAI Aviation shares, with Royal Bank of Canada raising the target to $160.00, while BTIG Research set a new target of $230.00.
• The company reported earnings of $1.57 per share for the last quarter, surpassing analyst expectations, while also announcing a quarterly dividend of $0.30 per share.

Sessa Capital IM L.P. purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 400,000 shares of the financial services provider's stock, valued at approximately $44,412,000. FTAI Aviation accounts for approximately 1.7% of Sessa Capital IM L.P.'s portfolio, making the stock its 14th biggest holding. Sessa Capital IM L.P. owned approximately 0.39% of FTAI Aviation as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Paradoxiom Capital L.P. purchased a new stake in shares of FTAI Aviation during the 1st quarter valued at approximately $4,270,000. Pingora Partners LLC boosted its holdings in FTAI Aviation by 1.3% in the 1st quarter. Pingora Partners LLC now owns 305,776 shares of the financial services provider's stock valued at $33,950,000 after purchasing an additional 4,055 shares during the period. Murchinson Ltd. raised its position in shares of FTAI Aviation by 100.0% during the 1st quarter. Murchinson Ltd. now owns 10,000 shares of the financial services provider's stock valued at $1,110,000 after buying an additional 5,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of FTAI Aviation by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,500 shares of the financial services provider's stock worth $6,717,000 after purchasing an additional 2,697 shares in the last quarter. Finally, Granahan Investment Management LLC boosted its holdings in shares of FTAI Aviation by 128.9% in the 1st quarter. Granahan Investment Management LLC now owns 134,548 shares of the financial services provider's stock worth $14,939,000 after purchasing an additional 75,758 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FTAI. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Morgan Stanley lifted their target price on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. JMP Securities lifted their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. Finally, Royal Bank Of Canada boosted their price objective on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. One equities research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $182.83.

FTAI Aviation Price Performance

FTAI traded down $0.59 during midday trading on Friday, reaching $169.26. 370,185 shares of the company's stock traded hands, compared to its average volume of 2,175,872. The firm has a fifty day moving average of $135.45 and a two-hundred day moving average of $120.03. The stock has a market capitalization of $17.36 billion, a price-to-earnings ratio of 41.90 and a beta of 1.65. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly 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. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company had revenue of $676.24 million during the quarter, compared to the consensus estimate of $754.75 million. During the same period in the prior year, the firm earned ($2.26) earnings per share. FTAI Aviation's revenue was up 52.4% on a year-over-year basis. Sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

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

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.