Two Seas Capital LP Takes Position 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) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 115,663 shares of the financial services provider's stock, valued at approximately $12,842,000. FTAI Aviation accounts for 0.4% of Two Seas Capital LP's investment portfolio, making the stock its 13th biggest position. Two Seas Capital LP owned 0.11% of FTAI Aviation at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FTAI. Versant Capital Management Inc raised its stake in FTAI Aviation by 420.9% during 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 period. Virtus Fund Advisers LLC acquired a new stake in FTAI Aviation during the 4th quarter valued at $26,000. Virtus Advisers LLC acquired a new stake in FTAI Aviation during the 1st quarter valued at $29,000. Rakuten Securities Inc. acquired a new stake in FTAI Aviation during the 1st quarter valued at $34,000. Finally, Rossby Financial LCC acquired a new stake in FTAI Aviation during the 1st quarter valued at $45,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FTAI shares. BTIG Research boosted their target price 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. Wall Street Zen downgraded shares of FTAI Aviation from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Morgan Stanley upped their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Finally, JMP Securities upped their price target on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $182.83.

FTAI Aviation Trading Down 0.6%

FTAI Aviation stock traded down $1.03 during mid-day trading on Tuesday, hitting $165.39. 1,140,983 shares of the company's stock were exchanged, compared to its average volume of 1,102,193. The stock has a market cap of $16.96 billion, a P/E ratio of 40.94 and a beta of 1.65. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64. The stock has a 50 day moving average of $133.25 and a two-hundred day moving average of $119.42.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, topping the consensus estimate of $1.33 by $0.24. The firm had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The business's quarterly revenue was up 52.4% on a year-over-year basis. During the same period in the prior year, the business posted ($2.26) earnings per share. As a group, research analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

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