Newbrook Capital Advisors LP Buys 237,547 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Newbrook Capital Advisors LP grew its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 60.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 629,150 shares of the financial services provider's stock after buying an additional 237,547 shares during the period. FTAI Aviation accounts for about 11.6% of Newbrook Capital Advisors LP's holdings, making the stock its 3rd biggest holding. Newbrook Capital Advisors LP owned 0.61% of FTAI Aviation worth $90,623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Transce3nd LLC acquired a new position in FTAI Aviation in the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda bought a new stake in FTAI Aviation in the fourth quarter valued at $30,000. Private Trust Co. NA grew its stake in shares of FTAI Aviation by 221.1% in the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after buying an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $36,000. Finally, Blue Trust Inc. bought a new position in shares of FTAI Aviation in the fourth quarter valued at $56,000. 88.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Joseph P. Jr. Adams acquired 3,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were purchased at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the acquisition, the chief executive officer now owns 341,852 shares in the company, valued at approximately $32,318,688.08. This represents a 0.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Stacy Kuperus bought 1,087 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the acquisition, the insider now directly owns 88,423 shares of the company's stock, valued at approximately $8,214,496.70. The trade was a 1.24% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 10,667 shares of company stock valued at $1,008,715. Corporate insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FTAI shares. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Royal Bank of Canada cut their price objective on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target on the stock in a research report on Friday, May 2nd. Finally, Morgan Stanley reduced their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $171.83.

FTAI Aviation Price Performance

NYSE:FTAI opened at $117.81 on Wednesday. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64. The business has a fifty day simple moving average of $103.25 and a two-hundred day simple moving average of $124.92. The company has a market capitalization of $12.08 billion, a P/E ratio of -1,177.98 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. During the same period in the previous year, the business posted $0.31 earnings per share. The company's revenue for the quarter was up 53.7% on a year-over-year basis. As a group, analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, May 16th. FTAI Aviation's dividend payout ratio (DPR) is presently 571.43%.

FTAI Aviation Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.

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