FTAI Infrastructure (NASDAQ:FIP) Cut to "Sell" at Wall Street Zen

Key Points

• FTAI Infrastructure was downgraded from a "hold" to a "sell" rating by Wall Street Zen, reflecting a bearish outlook on the company's performance.
• Shares of FTAI Infrastructure fell by 20.2%, opening at $4.98, highlighting recent volatility in its stock price.
• The company reported a significant loss of $0.73 EPS for the latest quarter, missing the consensus estimate, and showing a negative net margin of 20.85%.

Wall Street Zen cut shares of FTAI Infrastructure (NASDAQ:FIP - Free Report) from a hold rating to a sell rating in a report issued on Saturday morning.

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

FTAI Infrastructure Trading Up 0.9%

Shares of FIP stock traded up $0.04 on Friday, hitting $4.79. The company had a trading volume of 935,112 shares, compared to its average volume of 1,420,109. The firm has a market cap of $550.16 million, a P/E ratio of -3.12 and a beta of 1.89. The stock's 50-day moving average is $6.34 and its two-hundred day moving average is $5.57. The company has a debt-to-equity ratio of 7.90, a quick ratio of 0.86 and a current ratio of 0.86. FTAI Infrastructure has a twelve month low of $3.10 and a twelve month high of $9.99.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.36). FTAI Infrastructure had a negative return on equity of 10.19% and a negative net margin of 20.85%. The business had revenue of $122.29 million for the quarter, compared to analyst estimates of $151.77 million.

FTAI Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 8th. Shareholders of record on Monday, August 25th will be issued a $0.03 dividend. The ex-dividend date is Monday, August 25th. This represents a $0.12 annualized dividend and a yield of 2.5%. FTAI Infrastructure's dividend payout ratio is presently -7.84%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIP. FNY Investment Advisers LLC bought a new position in shares of FTAI Infrastructure in the second quarter valued at approximately $41,000. Acropolis Investment Management LLC bought a new position in shares of FTAI Infrastructure in the second quarter valued at approximately $62,000. Bessemer Group Inc. lifted its holdings in shares of FTAI Infrastructure by 14,492.8% in the second quarter. Bessemer Group Inc. now owns 10,069 shares of the company's stock valued at $62,000 after purchasing an additional 10,000 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of FTAI Infrastructure in the first quarter valued at approximately $68,000. Finally, Prudential Financial Inc. bought a new position in shares of FTAI Infrastructure in the second quarter valued at approximately $81,000. Institutional investors own 87.43% of the company's stock.

About FTAI Infrastructure

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.