Leisure Capital Management Buys Shares of 1,838 FTAI Aviation Ltd. (NYSE:FTAI)

Leisure Capital Management purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,838 shares of the financial services provider’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Hsbc Holdings PLC boosted its position in shares of FTAI Aviation by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock valued at $1,163,000 after purchasing an additional 216 shares in the last quarter. Xponance Inc. grew its position in FTAI Aviation by 4.1% in the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock worth $648,000 after buying an additional 248 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of FTAI Aviation during the 2nd quarter worth $33,000. Arizona State Retirement System grew its holdings in shares of FTAI Aviation by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 28,064 shares of the financial services provider’s stock worth $2,897,000 after acquiring an additional 516 shares during the last quarter. Finally, CWM LLC raised its position in shares of FTAI Aviation by 26.8% during the third quarter. CWM LLC now owns 2,533 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 535 shares during the period. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI stock traded up $0.62 during trading hours on Wednesday, hitting $145.63. The company had a trading volume of 180,034 shares, compared to its average volume of 1,029,324. FTAI Aviation Ltd. has a 12 month low of $32.66 and a 12 month high of $149.74. The firm’s fifty day moving average is $124.17 and its 200 day moving average is $100.18. The firm has a market capitalization of $14.60 billion, a price-to-earnings ratio of 66.21 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. The company had revenue of $443.59 million during the quarter, compared to the consensus estimate of $361.92 million. On average, sell-side analysts expect that FTAI Aviation Ltd. will post 2.13 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were given a dividend of $0.30 per share. The ex-dividend date was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

Analyst Ratings Changes

A number of brokerages recently weighed in on FTAI. Royal Bank of Canada lifted their price target on FTAI Aviation from $120.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Benchmark upped their price target on FTAI Aviation from $100.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. BTIG Research initiated coverage on FTAI Aviation in a report on Monday, August 26th. They issued a “buy” rating and a $140.00 target price for the company. Jefferies Financial Group increased their price target on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Barclays boosted their price objective on shares of FTAI Aviation from $80.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.73.

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.