FTAI Infrastructure Inc. (NASDAQ:FIP) Shares Purchased by Jacobs Levy Equity Management Inc.

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

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of FTAI Infrastructure by 113.8% during the third quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company's stock valued at $4,851,000 after acquiring an additional 275,903 shares during the last quarter. Swiss National Bank boosted its position in shares of FTAI Infrastructure by 9.3% during the 4th 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 during the period. Charles Schwab Investment Management Inc. boosted its position in shares of FTAI Infrastructure by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,386 shares of the company's stock worth $6,646,000 after purchasing an additional 67,023 shares during the period. AlphaQuest LLC purchased a new stake in FTAI Infrastructure in the fourth quarter valued at approximately $527,000. Finally, Geode Capital Management LLC lifted its stake in FTAI Infrastructure by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 2,499,861 shares of the company's stock worth $18,153,000 after purchasing an additional 72,560 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

FTAI Infrastructure Stock Down 2.7%

NASDAQ:FIP traded down $0.15 during midday trading on Wednesday, reaching $5.16. The company had a trading volume of 241,303 shares, compared to its average volume of 1,352,117. FTAI Infrastructure Inc. has a 12-month low of $3.10 and a 12-month high of $10.46. The firm has a market capitalization of $591.59 million, a price-to-earnings ratio of -2.60 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. The stock's fifty day simple moving average is $4.38 and its 200-day simple moving average is $6.32.

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

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be issued a $0.03 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.33%. FTAI Infrastructure's payout ratio is -9.09%.

FTAI Infrastructure 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.