SG Capital Management LLC Sells 9,918 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

SG Capital Management LLC lessened its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 23.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,593 shares of the financial services provider's stock after selling 9,918 shares during the quarter. SG Capital Management LLC's holdings in FTAI Aviation were worth $4,551,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Transce3nd LLC bought a new stake in shares of FTAI Aviation during the 4th quarter worth $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at $30,000. Private Trust Co. NA lifted its holdings in shares of FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of FTAI Aviation in the 4th quarter valued at $36,000. Finally, Blue Trust Inc. purchased a new position in FTAI Aviation in the 4th quarter worth about $56,000. Institutional investors and hedge funds own 88.96% of the company's stock.

Analyst Upgrades and Downgrades

FTAI has been the topic of several research analyst reports. StockNews.com upgraded shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Barclays cut their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Morgan Stanley cut their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Citizens Jmp raised shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Finally, Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price on the stock in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $171.83.

Insiders Place Their Bets

In other FTAI Aviation news, insider Stacy Kuperus bought 1,087 shares of the stock in a transaction on Friday, May 2nd. The stock was purchased at an average price of $92.90 per share, with a total value of $100,982.30. Following the acquisition, the insider now 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David Moreno bought 6,580 shares of the stock in a transaction on Friday, May 2nd. The shares were acquired at an average cost of $94.85 per share, with a total value of $624,113.00. Following the acquisition, the chief operating officer now directly owns 231,623 shares in the company, valued at approximately $21,969,441.55. This trade represents a 2.92% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 10,667 shares of company stock valued at $1,008,715. Company insiders own 1.30% of the company's stock.

FTAI Aviation Trading Up 3.7%

Shares of FTAI Aviation stock traded up $4.42 during midday trading on Monday, reaching $122.40. The company had a trading volume of 1,165,281 shares, compared to its average volume of 1,785,475. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of -1,223.88 and a beta of 1.64. The stock has a fifty day simple moving average of $104.56 and a 200 day simple moving average of $124.18. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its 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 return on equity of 206.25% and a net margin of 1.59%. During the same quarter last year, the business posted $0.31 EPS. The company's revenue was up 53.7% on a year-over-year basis. Sell-side analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, May 16th. FTAI Aviation's dividend payout ratio is presently 571.43%.

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.