Capital International Inc. CA Invests $15.33 Million in FTAI Aviation Ltd. (NYSE:FTAI)

Capital International Inc. CA purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) 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.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The business had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a positive return on equity of 156.50% and a negative net margin of 1.50%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 EPS. Equities research analysts predict that FTAI Aviation Ltd. will post 2.04 earnings per share for the current fiscal year.

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.

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.