Jacobs Levy Equity Management Inc. Grows Holdings in FTAI Infrastructure Inc. (NASDAQ:FIP)

Jacobs Levy Equity Management Inc. grew its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Free Report) by 64.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 307,483 shares of the company's stock after purchasing an additional 120,618 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.27% of FTAI Infrastructure worth $2,232,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of FTAI Infrastructure by 113.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company's stock worth $4,851,000 after acquiring an additional 275,903 shares in the last quarter. Swiss National Bank boosted its position in FTAI Infrastructure by 9.3% during the fourth quarter. Swiss National Bank now owns 218,700 shares of the company's stock worth $1,588,000 after purchasing an additional 18,600 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in FTAI Infrastructure by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,386 shares of the company's stock valued at $6,646,000 after purchasing an additional 67,023 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of FTAI Infrastructure in the fourth quarter valued at $527,000. Finally, Geode Capital Management LLC raised its stake in shares of FTAI Infrastructure by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 2,499,861 shares of the company's stock worth $18,153,000 after buying an additional 72,560 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

FTAI Infrastructure Trading Down 2.5%

Shares of NASDAQ FIP traded down $0.13 during midday trading on Monday, reaching $5.01. 811,612 shares of the stock were exchanged, compared to its average volume of 1,352,424. The stock has a 50 day moving average price of $4.37 and a 200-day moving average price of $6.35. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. The company has a market capitalization of $574.95 million, a P/E ratio of -2.53 and a beta of 1.70. FTAI Infrastructure Inc. has a 52-week low of $3.10 and a 52-week high of $10.46.

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

FTAI Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.12 annualized dividend and a dividend yield of 2.40%. FTAI Infrastructure's dividend payout ratio is presently -9.09%.

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.