FTAI Infrastructure (NASDAQ:FIP) Trading 6.6% Higher - Still a Buy?

Key Points

• Shares jumped 6.6% to $5.69 on Friday, but trading was very light at 47,187 shares—about 95% below the average session volume.
• Analyst coverage is mixed: BTIG reiterated a Buy with a $10 target while other firms have cut to Sell, leaving a MarketBeat consensus rating of Hold and a $11 consensus target.
• Fundamentals show weakness—Q EPS of ($1.08) missed estimates of ($0.43) and revenue came in below forecasts, with a negative net margin (~32%) and ROE (-147%); the company also has high leverage (debt/equity ~110.3%) but pays a $0.03 quarterly dividend (2.2% yield) and is 87% institutionally owned.

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report)'s stock price traded up 6.6% on Friday . The stock traded as high as $5.53 and last traded at $5.6910. 47,187 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 1,010,246 shares. The stock had previously closed at $5.34.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BTIG Research reissued a "buy" rating and issued a $10.00 target price on shares of FTAI Infrastructure in a research note on Friday, February 27th. Wall Street Zen cut shares of FTAI Infrastructure from a "hold" rating to a "sell" rating in a research note on Saturday, March 21st. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of FTAI Infrastructure in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $11.00.

FTAI Infrastructure Stock Up 3.1%

The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 110.28. The company has a market cap of $650.49 million, a price-to-earnings ratio of -2.40 and a beta of 1.90. The stock has a fifty day moving average price of $5.57 and a two-hundred day moving average price of $5.21.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($1.08) EPS for the quarter, missing analysts' consensus estimates of ($0.43) by ($0.65). The company had revenue of $143.52 million during the quarter, compared to analyst estimates of $169.16 million. FTAI Infrastructure had a negative net margin of 31.93% and a negative return on equity of 147.01%.

FTAI Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, March 13th. FTAI Infrastructure's payout ratio is -5.22%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FIP. Wellington Management Group LLP acquired a new position in FTAI Infrastructure in the third quarter valued at about $28,939,000. Alliancebernstein L.P. grew its position in FTAI Infrastructure by 3,990.2% in the third quarter. Alliancebernstein L.P. now owns 4,009,630 shares of the company's stock valued at $17,482,000 after acquiring an additional 3,911,600 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in FTAI Infrastructure by 425.7% in the second quarter. Frontier Capital Management Co. LLC now owns 3,639,934 shares of the company's stock valued at $22,458,000 after acquiring an additional 2,947,567 shares during the last quarter. Ares Management LLC bought a new position in FTAI Infrastructure in the fourth quarter valued at about $5,521,000. Finally, Northern Right Capital Management L.P. bought a new position in FTAI Infrastructure in the second quarter valued at about $5,465,000. Institutional investors and hedge funds own 87.43% of the company's stock.

FTAI Infrastructure Company 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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