FTAI Aviation Sees Unusually High Options Volume (NASDAQ:FTAI)

Key Points

• Options activity increased: Traders bought 3,544 FTAI Aviation call options, about 27% above typical volume. The stock rose 7.5% to $201.33.
• Quarterly results beat expectations: FTAI reported earnings of $1.43 per share versus the $1.31 consensus estimate, while revenue rose 46.6% year over year to $977.66 million.
• Institutional and analyst support remains strong: Hedge funds and other institutions own 88.96% of the stock, while analysts maintain a “Moderate Buy” consensus with an average price target of $304.38.

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) was the recipient of unusually large options trading activity on Monday. Traders acquired 3,544 call options on the stock. This represents an increase of approximately 27% compared to the typical volume of 2,783 call options.

FTAI Aviation Stock Up 7.5%

Shares of NASDAQ FTAI traded up $14.06 on Monday, reaching $201.33. 1,037,386 shares of the company's stock traded hands, compared to its average volume of 1,548,801. The business's 50 day simple moving average is $178.97 and its two-hundred day simple moving average is $232.06. FTAI Aviation has a 12 month low of $146.48 and a 12 month high of $323.51. The company has a market cap of $20.68 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 0.93 and a beta of 1.51. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.31 by $0.12. FTAI Aviation had a net margin of 15.46% and a return on equity of 135.72%. The company had revenue of $977.66 million for the quarter. During the same period last year, the company posted $1.10 earnings per share. The business's revenue for the quarter was up 46.6% compared to the same quarter last year. As a group, equities research analysts forecast that FTAI Aviation will post 5.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new stake in FTAI Aviation during the first quarter valued at $52,160,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of FTAI Aviation during the 3rd quarter valued at about $32,018,000. National Pension Service lifted its stake in shares of FTAI Aviation by 3,066.6% in the 2nd quarter. National Pension Service now owns 185,245 shares of the financial services provider's stock worth $50,114,000 after purchasing an additional 179,395 shares during the period. Weybosset Research & Management LLC bought a new position in shares of FTAI Aviation in the 3rd quarter worth approximately $20,086,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of FTAI Aviation by 7,661.9% in the third quarter. International Assets Investment Management LLC now owns 108,744 shares of the financial services provider's stock worth $18,164,000 after buying an additional 107,343 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FTAI shares. Citizens Jmp began coverage on FTAI Aviation in a research report on Wednesday, July 15th. They set a "market outperform" rating and a $375.00 target price on the stock. Morgan Stanley cut their price target on shares of FTAI Aviation from $360.00 to $310.00 and set an "overweight" rating for the company in a report on Friday, October 16th. Weiss Ratings restated a "hold (c+)" rating on shares of FTAI Aviation in a research report on Friday. Royal Bank Of Canada dropped their price target on FTAI Aviation from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Wednesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 price objective on shares of FTAI Aviation in a report on Friday, July 31st. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $304.38.

FTAI Aviation Company Profile

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.

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