Weiss Ratings Reaffirms Sell (D-) Rating for FTAI Infrastructure (NASDAQ:FIP)

Key Points

• Weiss Ratings has reaffirmed a Sell (D-) rating for FTAI Infrastructure (NASDAQ:FIP), highlighting ongoing weaknesses in the stock's performance.
• FTAI Infrastructure recently reported an earnings loss of ($0.73) EPS, significantly worse than the consensus estimate of ($0.37), indicating financial struggles.
• Despite a negative outlook, insiders have shown confidence by increasing their holdings, with CFO Carl Russell Iv Fletcher acquiring 10,000 shares at an average price of $4.48 each.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report)'s stock had its "sell (d-)" rating restated by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded FTAI Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $12.00.

FTAI Infrastructure Price Performance

FTAI Infrastructure stock opened at $5.22 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 13.30. The company has a market capitalization of $600.76 million, a PE ratio of -3.41 and a beta of 1.82. FTAI Infrastructure has a 12 month low of $3.10 and a 12 month high of $9.96. The stock has a 50-day moving average price of $4.92 and a two-hundred day moving average price of $5.20.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.36). The firm had revenue of $122.29 million during the quarter, compared to the consensus estimate of $151.77 million. FTAI Infrastructure had a negative net margin of 20.85% and a negative return on equity of 10.14%.

Insiders Place Their Bets

In other FTAI Infrastructure news, CFO Carl Russell Iv Fletcher bought 10,000 shares of the stock in a transaction on Thursday, August 21st. The stock was acquired at an average cost of $4.48 per share, for a total transaction of $44,800.00. Following the completion of the acquisition, the chief financial officer owned 30,000 shares in the company, valued at $134,400. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.40% of the company's stock.

Institutional Investors Weigh In On FTAI Infrastructure

A number of hedge funds have recently added to or reduced their stakes in the company. American Assets Investment Management LLC boosted its position in shares of FTAI Infrastructure by 1,780.5% during the first quarter. American Assets Investment Management LLC now owns 3,584,490 shares of the company's stock valued at $16,238,000 after buying an additional 3,393,879 shares during the last quarter. Tejara Capital Ltd purchased a new position in FTAI Infrastructure in the first quarter worth $1,334,000. Highland Peak Capital LLC boosted its position in FTAI Infrastructure by 127.4% in the first quarter. Highland Peak Capital LLC now owns 3,466,774 shares of the company's stock worth $15,704,000 after purchasing an additional 1,942,035 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in FTAI Infrastructure by 30.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 1,069,759 shares of the company's stock worth $4,846,000 after purchasing an additional 251,849 shares during the last quarter. Finally, Easterly Investment Partners LLC purchased a new position in FTAI Infrastructure in the first quarter worth $333,000. Institutional investors and hedge funds own 87.43% of the company's stock.

About FTAI Infrastructure

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.

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