Polar Asset Management Partners Inc. Decreases Position in FTAI Aviation Ltd. (NYSE:FTAI)

Polar Asset Management Partners Inc. lessened its stake in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 86.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,756 shares of the financial services provider's stock after selling 86,844 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in FTAI Aviation were worth $1,981,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FTAI. ProShare Advisors LLC raised its position in shares of FTAI Aviation by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 28,608 shares of the financial services provider's stock valued at $4,121,000 after buying an additional 9,413 shares in the last quarter. Pathstone Holdings LLC raised its position in FTAI Aviation by 4.9% during the fourth quarter. Pathstone Holdings LLC now owns 52,890 shares of the financial services provider's stock valued at $7,618,000 after purchasing an additional 2,469 shares in the last quarter. Newbrook Capital Advisors LP raised its position in FTAI Aviation by 60.7% during the fourth quarter. Newbrook Capital Advisors LP now owns 629,150 shares of the financial services provider's stock valued at $90,623,000 after purchasing an additional 237,547 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in FTAI Aviation by 12.9% during the fourth quarter. Nuveen Asset Management LLC now owns 423,096 shares of the financial services provider's stock worth $60,943,000 after purchasing an additional 48,269 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of FTAI Aviation in the 4th quarter valued at $8,786,000. Institutional investors own 88.96% of the company's stock.

Analyst Ratings Changes

FTAI has been the subject of several recent analyst reports. Royal Bank of Canada dropped their price objective on FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Barclays lowered their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, March 6th. Finally, Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price for the company in a research report on Friday, May 2nd. One 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $171.83.

FTAI Aviation Price Performance

Shares of FTAI stock traded down $4.78 during trading hours on Wednesday, reaching $114.52. The company had a trading volume of 1,367,389 shares, compared to its average volume of 1,785,894. The company has a market cap of $11.74 billion, a price-to-earnings ratio of -1,145.09 and a beta of 1.64. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $181.64. The business has a fifty day simple moving average of $104.92 and a 200-day simple moving average of $124.14.

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

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, May 16th. FTAI Aviation's payout ratio is currently 571.43%.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, COO David Moreno bought 6,580 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were purchased at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the purchase, the chief operating officer now directly owns 231,623 shares of the company's stock, valued at approximately $21,969,441.55. This represents a 2.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph P. Jr. Adams bought 3,000 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was acquired at an average cost of $94.54 per share, with a total value of $283,620.00. Following the completion of the acquisition, the chief executive officer now owns 341,852 shares of the company's stock, valued at $32,318,688.08. This represents a 0.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 10,667 shares of company stock valued at $1,008,715 over the last ninety days. Corporate insiders own 1.30% of the company's stock.

FTAI Aviation Company 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.