Two Seas Capital LP Makes New Investment in FTAI Aviation Ltd. $FTAI

Key Points

• Two Seas Capital LP acquired 115,663 shares of FTAI Aviation Ltd. for approximately $12.84 million, making it the firm's 13th largest holding.
• FTAI Aviation reported $1.57 EPS for the last quarter, exceeding estimates and showing a 52.4% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.30, resulting in an annualized dividend yield of 0.8%.

Two Seas Capital LP bought a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 115,663 shares of the financial services provider's stock, valued at approximately $12,842,000. FTAI Aviation comprises 0.4% of Two Seas Capital LP's investment portfolio, making the stock its 13th largest position. Two Seas Capital LP owned approximately 0.11% of FTAI Aviation at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sessa Capital IM L.P. acquired a new stake in FTAI Aviation during the first quarter valued at approximately $44,412,000. Paradoxiom Capital L.P. acquired a new stake in shares of FTAI Aviation during the first quarter valued at approximately $4,270,000. Pingora Partners LLC raised its holdings in shares of FTAI Aviation by 1.3% during the first quarter. Pingora Partners LLC now owns 305,776 shares of the financial services provider's stock valued at $33,950,000 after acquiring an additional 4,055 shares during the period. Murchinson Ltd. raised its holdings in shares of FTAI Aviation by 100.0% during the first quarter. Murchinson Ltd. now owns 10,000 shares of the financial services provider's stock valued at $1,110,000 after acquiring an additional 5,000 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of FTAI Aviation by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,500 shares of the financial services provider's stock valued at $6,717,000 after acquiring an additional 2,697 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

FTAI Aviation stock traded up $0.38 during trading hours on Friday, hitting $170.23. The company had a trading volume of 419,426 shares, compared to its average volume of 2,175,949. The firm has a market capitalization of $17.46 billion, a P/E ratio of 42.14 and a beta of 1.65. The firm's fifty day moving average is $135.45 and its 200-day moving average is $120.03. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.24. The firm had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company's revenue for the quarter was up 52.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.26) EPS. Analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FTAI shares. Royal Bank Of Canada boosted their price target on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Morgan Stanley boosted their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Wall Street Zen lowered shares of FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, BTIG Research upped their price objective on shares of FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, August 25th. One equities 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $182.83.

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.