Wellington Management Group LLP Has $62.59 Million Stake in FTAI Infrastructure Inc. $FIP

Key Points

• Wellington Management increased its FTAI Infrastructure stake by 10.3% in the second quarter, bringing its holdings to 13.49 million shares valued at approximately $62.6 million, or 11.41% of the company. Institutional investors collectively own 87.43% of FIP.
• Analyst sentiment remains mixed but leans positive: FTAI Infrastructure has a “Moderate Buy” consensus rating and an average price target of $9.94, despite targets ranging from $9 to $12 and some “sell” or “strong sell” ratings.
• FTAI Infrastructure reported a significant quarterly loss, with EPS of -$1.41 versus the $0.60 expected, although revenue of $186.77 million slightly exceeded estimates. Shares opened at $3.38, while the company maintained a quarterly dividend of $0.03, equivalent to a 3.6% annual yield.

Wellington Management Group LLP increased its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 10.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,490,351 shares of the company's stock after purchasing an additional 1,259,468 shares during the period. Wellington Management Group LLP owned approximately 11.41% of FTAI Infrastructure worth $62,595,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FIP. Larson Financial Group LLC grew its position in FTAI Infrastructure by 6,941.7% during the 4th quarter. Larson Financial Group LLC now owns 8,098 shares of the company's stock worth $37,000 after acquiring an additional 7,983 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in FTAI Infrastructure by 12,129.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company's stock valued at $40,000 after purchasing an additional 9,097 shares in the last quarter. Xponance LLC bought a new position in FTAI Infrastructure in the 4th quarter valued at $47,000. CIBC Bancorp USA Inc. bought a new position in FTAI Infrastructure in the 3rd quarter valued at $50,000. Finally, CIBC Asset Management Inc acquired a new position in FTAI Infrastructure in the fourth quarter worth $54,000. Institutional investors and hedge funds own 87.43% of the company's stock.

Analysts Set New Price Targets

FIP has been the topic of a number of research analyst reports. BTIG Research lowered their price objective on shares of FTAI Infrastructure from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Friday, May 8th. Citizens Jmp initiated coverage on shares of FTAI Infrastructure in a research note on Wednesday, July 15th. They set a "market outperform" rating and a $10.00 price target on the stock. Weiss Ratings restated a "sell (e+)" rating on shares of FTAI Infrastructure in a research report on Friday, June 12th. Wall Street Zen downgraded FTAI Infrastructure from a "sell" rating to a "strong sell" rating in a report on Monday, July 20th. Finally, Compass Point set a $12.00 price objective on FTAI Infrastructure in a research report on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, FTAI Infrastructure has an average rating of "Moderate Buy" and a consensus price target of $9.94.

FTAI Infrastructure Stock Performance

Shares of NASDAQ FIP opened at $3.38 on Thursday. The stock has a 50 day moving average price of $4.14 and a 200 day moving average price of $4.81. The stock has a market capitalization of $399.46 million, a PE ratio of -0.65 and a beta of 1.79. FTAI Infrastructure Inc. has a 52 week low of $3.06 and a 52 week high of $6.69.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($1.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.60) by ($0.81). The company had revenue of $186.77 million for the quarter, compared to the consensus estimate of $186.08 million. FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 74.10%.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be paid a $0.03 dividend. The ex-dividend date is Monday, August 24th. This represents a $0.12 dividend on an annualized basis and a yield of 3.6%. FTAI Infrastructure's dividend payout ratio (DPR) is currently -2.31%.

FTAI Infrastructure Profile

FTAI Infrastructure Ltd NASDAQ: FIP is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.

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