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

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Transce3nd LLC bought a new position in FTAI Aviation during the fourth quarter valued at $29,000. Kapitalo Investimentos Ltda purchased a new position in FTAI Aviation during the 4th quarter valued at $30,000. Private Trust Co. NA increased its position 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 worth $35,000 after acquiring an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $36,000. Finally, Blue Trust Inc. bought a new stake in shares of FTAI Aviation in the 4th quarter valued at about $56,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FTAI has been the topic of several research analyst reports. 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 report on Friday, May 2nd. StockNews.com raised shares of FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. Morgan Stanley reduced their target price on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. JMP Securities cut their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Thursday, May 8th. Finally, Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $171.83.

FTAI Aviation Stock Down 4.1%

Shares of NYSE FTAI traded down $4.94 during midday trading on Wednesday, hitting $114.36. The stock had a trading volume of 684,239 shares, compared to its average volume of 1,783,309. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $181.64. The company has a fifty day moving average price of $104.92 and a 200 day moving average price of $124.14. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of -1,143.29 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the company posted $0.31 earnings per share. The business's revenue for the quarter was up 53.7% on a year-over-year basis. On average, research analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

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

Insider Buying and Selling

In other FTAI Aviation news, CEO Joseph P. Jr. Adams purchased 3,000 shares of the company's stock in a transaction on Friday, May 2nd. The shares were bought at an average cost of $94.54 per share, with a total value of $283,620.00. Following the transaction, the chief executive officer now directly owns 341,852 shares in the company, valued at approximately $32,318,688.08. This represents a 0.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stacy Kuperus bought 1,087 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $92.90 per share, for a total transaction of $100,982.30. Following the completion of the transaction, the insider now owns 88,423 shares in the company, valued at $8,214,496.70. This represents a 1.24% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 10,667 shares of company stock valued at $1,008,715. 1.30% of the stock is owned by corporate insiders.

FTAI Aviation 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.