Victory Capital Management Inc. Sells 106,682 Shares of FTAI Aviation Ltd. $FTAI

Key Points

• Victory Capital Management cut its stake in FTAI by 49.6%, selling 106,682 shares and leaving it with 108,226 shares valued at about $18.06 million.
• Institutional ownership is high at 88.96%, and several large investors — including Rubric Capital, Ensign Peak and Norges Bank — recently added or increased positions, with Norges Bank initiating a roughly $142 million stake.
• Analysts remain broadly positive: FTAI has a consensus rating of Moderate Buy with an average target of $292.22, and multiple firms (e.g., Barclays) have recently raised price targets up to $350.

Victory Capital Management Inc. decreased its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 49.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,226 shares of the financial services provider's stock after selling 106,682 shares during the period. Victory Capital Management Inc. owned about 0.11% of FTAI Aviation worth $18,059,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rubric Capital Management LP grew its holdings in shares of FTAI Aviation by 28.3% in the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider's stock worth $390,455,000 after purchasing an additional 749,080 shares during the last quarter. Ensign Peak Advisors Inc lifted its holdings in FTAI Aviation by 67.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider's stock valued at $353,839,000 after buying an additional 1,238,294 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in FTAI Aviation by 5.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider's stock valued at $246,718,000 after buying an additional 119,237 shares during the period. Westfield Capital Management Co. LP boosted its position in FTAI Aviation by 11.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,130,241 shares of the financial services provider's stock valued at $355,452,000 after buying an additional 214,830 shares during the period. Finally, Norges Bank bought a new position in FTAI Aviation in the 2nd quarter worth about $142,012,000. 88.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FTAI has been the subject of several research analyst reports. Barclays lifted their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday, February 27th. Citizens Jmp increased their price objective on FTAI Aviation from $230.00 to $325.00 and gave the stock a "market outperform" rating in a research note on Thursday, January 29th. Wolfe Research restated an "outperform" rating and set a $225.00 price objective on shares of FTAI Aviation in a report on Wednesday, December 31st. Citigroup reaffirmed an "outperform" rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Finally, BTIG Research upped their target price on FTAI Aviation from $230.00 to $335.00 and gave the stock a "buy" rating in a report on Friday, January 23rd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, FTAI Aviation currently has an average rating of "Moderate Buy" and a consensus target price of $292.22.

FTAI Aviation Stock Down 1.8%

Shares of NASDAQ FTAI opened at $271.44 on Wednesday. FTAI Aviation Ltd. has a 12-month low of $81.45 and a 12-month high of $323.51. The stock's fifty day simple moving average is $270.20 and its two-hundred day simple moving average is $204.29. The stock has a market capitalization of $27.84 billion, a PE ratio of 58.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.50. The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $662.03 million during the quarter, compared to the consensus estimate of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The company's revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. As a group, analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 13th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 13th. FTAI Aviation's payout ratio is currently 30.30%.

FTAI Aviation Profile

FTAI Aviation NASDAQ: FTAI is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company's portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.

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