Sessa Capital IM L.P. Takes $44.41 Million Position in FTAI Aviation Ltd. $FTAI

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. acquired a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 400,000 shares of the financial services provider's stock, valued at approximately $44,412,000. FTAI Aviation comprises 1.7% of Sessa Capital IM L.P.'s investment portfolio, making the stock its 14th largest holding. Sessa Capital IM L.P. owned 0.39% of FTAI Aviation at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FTAI. Versant Capital Management Inc lifted its stake 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 purchasing an additional 181 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at $26,000. Virtus Advisers LLC acquired a new stake in shares of FTAI Aviation in the 1st quarter valued at $29,000. Rakuten Securities Inc. acquired a new stake in shares of FTAI Aviation in the 1st quarter valued at $34,000. Finally, Rossby Financial LCC acquired a new stake in shares of FTAI Aviation in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 88.96% of the company's stock.

Analyst Upgrades and Downgrades

FTAI has been the subject of several analyst reports. Royal Bank Of Canada lifted their price objective on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. 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 report on Wednesday, August 6th. Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Finally, BTIG Research lifted their target price on shares of FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, August 25th. One 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 company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $182.83.

FTAI Aviation Trading Down 0.6%

NASDAQ FTAI traded down $1.03 on Tuesday, reaching $165.39. The company's stock had a trading volume of 1,140,983 shares, compared to its average volume of 1,102,193. The firm has a market cap of $16.96 billion, a PE ratio of 40.94 and a beta of 1.65. The business has a 50-day moving average price of $133.25 and a 200 day moving average price of $119.42. 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 posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating 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 business had revenue of $676.24 million for the quarter, compared to analysts' expectations of $754.75 million. During the same quarter in the previous year, the firm posted ($2.26) earnings per share. The firm's revenue for the quarter was up 52.4% on a year-over-year basis. Analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

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

FTAI Aviation Company 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.