Capital International Inc. CA purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor purchased 227,778 shares of the financial services provider’s stock, valued at approximately $15,329,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of FTAI Aviation by 14.2% during the fourth quarter. Victory Capital Management Inc. now owns 271,347 shares of the financial services provider’s stock valued at $12,591,000 after purchasing an additional 33,712 shares during the period. Principal Financial Group Inc. grew its position in FTAI Aviation by 107.6% in the fourth quarter. Principal Financial Group Inc. now owns 98,096 shares of the financial services provider’s stock valued at $4,552,000 after acquiring an additional 50,834 shares during the period. Roman Butler Fullerton & Co. grew its position in FTAI Aviation by 98.2% in the fourth quarter. Roman Butler Fullerton & Co. now owns 26,848 shares of the financial services provider’s stock valued at $1,246,000 after acquiring an additional 13,303 shares during the period. ClariVest Asset Management LLC bought a new stake in FTAI Aviation in the first quarter valued at $1,802,000. Finally, Orchard Capital Management LLC grew its position in FTAI Aviation by 4.4% in the fourth quarter. Orchard Capital Management LLC now owns 314,708 shares of the financial services provider’s stock valued at $14,602,000 after acquiring an additional 13,268 shares during the period. 88.96% of the stock is currently owned by institutional investors.
FTAI Aviation Trading Up 6.9 %
Shares of NYSE FTAI traded up $7.30 during mid-day trading on Friday, reaching $112.63. 2,386,304 shares of the company’s stock were exchanged, compared to its average volume of 1,013,866. The firm has a market capitalization of $11.29 billion, a price-to-earnings ratio of 51.43 and a beta of 2.03. The business has a fifty day simple moving average of $94.13 and a 200 day simple moving average of $73.34. FTAI Aviation Ltd. has a twelve month low of $31.73 and a twelve month high of $115.00.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on FTAI. Wolfe Research cut FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. Stifel Nicolaus upgraded FTAI Aviation from a “hold” rating to a “buy” rating and upped their price target for the company from $69.00 to $132.00 in a research report on Friday. Benchmark reiterated a “buy” rating and issued a $100.00 price target on shares of FTAI Aviation in a research report on Wednesday. StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Thursday. Finally, Jefferies Financial Group initiated coverage on FTAI Aviation in a report on Tuesday, June 25th. They set a “buy” rating and a $120.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $104.23.
View Our Latest Stock Analysis on FTAI
Insider Buying and Selling
In related news, CEO Joseph P. Jr. Adams purchased 59,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was purchased at an average cost of $82.00 per share, for a total transaction of $4,838,000.00. Following the completion of the purchase, the chief executive officer now directly owns 197,382 shares in the company, valued at $16,185,324. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% 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.
Read More
- Five stocks we like better than FTAI Aviation
- Want to Profit on the Downtrend? Downtrends, Explained.
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Want to see what other hedge funds are holding FTAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTAI Aviation Ltd. (NYSE:FTAI – Free Report).
Receive News & Ratings for FTAI Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTAI Aviation and related companies with MarketBeat.com's FREE daily email newsletter.