Stock Traders Purchase High Volume of Call Options on FTAI Infrastructure (NASDAQ:FIP)

Key Points

• Unusual options activity: Traders purchased 3,680 call options on FTAI Infrastructure, roughly 686% above its average call volume of 468 contracts.
• Shares declined 5.2% to $2.85, near the stock’s one-year low, after the company reported a quarterly EPS loss of $1.41, missing estimates by $0.81.
• Analyst views remain mixed, though the stock carries a consensus “Moderate Buy” rating with a $9.94 price target; institutional investors and hedge funds own 87.43% of outstanding shares.

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) was the target of some unusual options trading on Tuesday. Traders bought 3,680 call options on the stock. This represents an increase of approximately 686% compared to the average volume of 468 call options.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen downgraded FTAI Infrastructure from a "sell" rating to a "strong sell" rating in a research note on Monday, July 20th. JonesTrading assumed coverage on FTAI Infrastructure in a research report on Wednesday, July 1st. They set a "buy" rating and a $8.75 price objective on the stock. Compass Point set a $12.00 price objective on shares of FTAI Infrastructure in a report on Tuesday, June 30th. Citizens Jmp began coverage on shares of FTAI Infrastructure in a report on Wednesday, July 15th. They issued a "market outperform" rating and a $10.00 target price for the company. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of FTAI Infrastructure in a research note on Wednesday, September 9th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $9.94.

Institutional Investors Weigh In On FTAI Infrastructure

A number of hedge funds have recently added to or reduced their stakes in FIP. Larson Financial Group LLC grew its position in FTAI Infrastructure by 6,941.7% during the fourth quarter. Larson Financial Group LLC now owns 8,098 shares of the company's stock worth $37,000 after buying an additional 7,983 shares during the period. WINTON GROUP Ltd acquired a new stake in FTAI Infrastructure in the second quarter worth about $65,000. Fortitude Advisory Group L.L.C. purchased a new position in shares of FTAI Infrastructure during the first quarter valued at $74,000. Savant Capital LLC acquired a new stake in FTAI Infrastructure in the fourth quarter valued at approximately $72,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of FTAI Infrastructure during the 2nd quarter worth about $75,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

FTAI Infrastructure Stock Down 5.2%

Shares of FIP stock traded down $0.15 during trading on Tuesday, reaching $2.85. The company's stock had a trading volume of 1,061,774 shares, compared to its average volume of 1,090,745. FTAI Infrastructure has a one year low of $2.77 and a one year high of $6.69. The company has a market cap of $336.23 million, a price-to-earnings ratio of -0.55 and a beta of 1.79. The business has a fifty day moving average price of $3.94 and a 200-day moving average price of $4.66.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($1.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.60) by ($0.81). The business had revenue of $186.77 million during the quarter, compared to the consensus estimate of $186.08 million. FTAI Infrastructure had a negative net margin of 74.10% and a negative return on equity of 147.01%.

FTAI Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, August 24th. FTAI Infrastructure's dividend payout ratio (DPR) is -2.31%.

About FTAI Infrastructure

FTAI Infrastructure Inc owns and operates critical infrastructure assets that support the transportation and energy sectors. The company focuses on businesses that provide essential services to industrial, commercial and governmental customers, including rail transportation, port and terminal operations, and power generation.

Its portfolio includes Transtar, a provider of industrial rail transportation and related services, as well as energy and logistics infrastructure such as the Jefferson Energy Companies terminal in Georgia, the Repauno Port and Rail Terminal in New Jersey, and the Long Ridge Energy Terminal and power-generation complex in Ohio.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.