393,851 Shares in FTAI Infrastructure Inc. (NASDAQ:FIP) Bought by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC bought a new stake in FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 393,851 shares of the company's stock, valued at approximately $2,859,000. Frontier Capital Management Co. LLC owned approximately 0.35% of FTAI Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Deutsche Bank AG lifted its stake in shares of FTAI Infrastructure by 52.7% during the fourth quarter. Deutsche Bank AG now owns 92,265 shares of the company's stock valued at $670,000 after acquiring an additional 31,841 shares during the period. Centiva Capital LP acquired a new position in FTAI Infrastructure in the fourth quarter valued at approximately $320,000. Balyasny Asset Management L.P. boosted its stake in FTAI Infrastructure by 49.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,081,888 shares of the company's stock valued at $15,115,000 after acquiring an additional 687,413 shares during the last quarter. Bank of America Corp DE grew its holdings in FTAI Infrastructure by 25.5% during the 4th quarter. Bank of America Corp DE now owns 676,954 shares of the company's stock worth $4,915,000 after acquiring an additional 137,405 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of FTAI Infrastructure during the 4th quarter valued at $2,711,000. 87.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities restated a "market outperform" rating and issued a $12.00 price target on shares of FTAI Infrastructure in a research report on Tuesday, April 22nd.

FTAI Infrastructure Trading Down 1.8%

Shares of FIP stock traded down $0.10 on Thursday, reaching $5.19. The company had a trading volume of 506,891 shares, compared to its average volume of 1,287,823. The company has a 50-day moving average of $4.37 and a 200-day moving average of $6.42. FTAI Infrastructure Inc. has a 12 month low of $3.10 and a 12 month high of $10.45. The stock has a market cap of $595.04 million, a PE ratio of -2.62 and a beta of 1.70. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $1.23. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%. The company had revenue of $96.16 million for the quarter, compared to analyst estimates of $107.84 million.

FTAI Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a yield of 2.31%. FTAI Infrastructure's payout ratio is -9.09%.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.