Pingora Partners LLC Reduces Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Pingora Partners LLC lessened its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 301,721 shares of the financial services provider's stock after selling 27,850 shares during the period. FTAI Aviation accounts for 28.5% of Pingora Partners LLC's holdings, making the stock its biggest position. Pingora Partners LLC owned about 0.29% of FTAI Aviation worth $43,460,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Capital International Investors lifted its holdings in FTAI Aviation by 39.7% during the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock worth $1,537,940,000 after purchasing an additional 3,034,838 shares during the last quarter. Vanguard Group Inc. increased its position in FTAI Aviation by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider's stock worth $1,519,325,000 after buying an additional 184,730 shares during the period. Hood River Capital Management LLC lifted its holdings in shares of FTAI Aviation by 8.0% during the fourth quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock worth $298,137,000 after buying an additional 153,909 shares in the last quarter. Norges Bank bought a new stake in shares of FTAI Aviation in the fourth quarter valued at about $183,688,000. Finally, William Blair Investment Management LLC acquired a new position in shares of FTAI Aviation in the fourth quarter valued at about $174,372,000. Institutional investors and hedge funds own 88.96% of the company's stock.

FTAI Aviation Stock Down 2.6 %

NYSE:FTAI traded down $2.87 during trading hours on Wednesday, reaching $106.28. The company had a trading volume of 541,687 shares, compared to its average volume of 1,701,439. The business's 50-day simple moving average is $107.16 and its two-hundred day simple moving average is $127.62. FTAI Aviation Ltd. has a twelve month low of $70.08 and a twelve month high of $181.64. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of -1,062.69 and a beta of 1.79.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were paid a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.13%. FTAI Aviation's dividend payout ratio (DPR) is presently -342.86%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Stifel Nicolaus restated a "hold" rating and set a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research note on Thursday, March 6th. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a research note on Wednesday, April 23rd. Morgan Stanley dropped their target price 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. Finally, Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $172.83.

About FTAI Aviation

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.