Moody Aldrich Partners LLC Cuts Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Moody Aldrich Partners LLC cut its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 54.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,501 shares of the financial services provider’s stock after selling 40,771 shares during the quarter. Moody Aldrich Partners LLC’s holdings in FTAI Aviation were worth $4,585,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FTAI. Arcadia Investment Management Corp MI bought a new position in FTAI Aviation in the 2nd quarter worth approximately $33,000. Ridgewood Investments LLC bought a new position in shares of FTAI Aviation during the second quarter worth $59,000. EverSource Wealth Advisors LLC grew its stake in FTAI Aviation by 165.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 1,790 shares in the last quarter. RiverPark Advisors LLC bought a new stake in FTAI Aviation in the 2nd quarter valued at $202,000. Finally, Profund Advisors LLC purchased a new stake in FTAI Aviation in the 2nd quarter worth $205,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

NYSE FTAI traded up $1.63 during trading on Thursday, hitting $142.46. The stock had a trading volume of 133,863 shares, compared to its average volume of 1,022,892. FTAI Aviation Ltd. has a one year low of $33.28 and a one year high of $149.74. The stock has a 50 day simple moving average of $128.88 and a 200 day simple moving average of $103.05. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of 64.78 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $361.92 million. On average, sell-side analysts predict that FTAI Aviation Ltd. will post 2.13 EPS for the current year.

Analyst Upgrades and Downgrades

FTAI has been the subject of a number of research analyst reports. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. StockNews.com raised FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Barclays raised their target price on shares of FTAI Aviation from $80.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Royal Bank of Canada reaffirmed a “buy” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Finally, BTIG Research began coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They issued a “buy” rating and a $140.00 price objective for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $138.64.

FTAI Aviation Company 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.