FTAI Aviation (NYSE:FTAI) Shares Down 10.8% – Time to Sell?

FTAI Aviation Ltd. (NYSE:FTAI) shares were down 10.8% during mid-day trading on Thursday . The stock traded as low as $128.00 and last traded at $129.65. Approximately 781,504 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 1,025,226 shares. The stock had previously closed at $145.30.

Analyst Ratings Changes

Several analysts have issued reports on FTAI shares. Barclays lifted their price target on FTAI Aviation from $80.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Jefferies Financial Group raised their price objective on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. Wolfe Research cut FTAI Aviation from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 10th. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Finally, Stifel Nicolaus upgraded FTAI Aviation from a “hold” rating to a “buy” rating and raised their price objective for the company from $69.00 to $132.00 in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $144.64.

FTAI Aviation Stock Down 9.2 %

The company has a market cap of $13.23 billion, a P/E ratio of 59.20 and a beta of 2.04. The business has a fifty day moving average price of $131.88 and a 200-day moving average price of $105.59.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. The company had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The business’s revenue was up 60.0% on a year-over-year basis. As a group, research analysts expect that FTAI Aviation Ltd. will post 2.19 earnings per share for the current year.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently made changes to their positions in FTAI. Allspring Global Investments Holdings LLC raised its position in shares of FTAI Aviation by 10.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,942 shares of the financial services provider’s stock valued at $1,342,000 after buying an additional 1,958 shares in the last quarter. Principal Financial Group Inc. raised its position in FTAI Aviation by 1.2% during the first quarter. Principal Financial Group Inc. now owns 99,250 shares of the financial services provider’s stock valued at $6,680,000 after purchasing an additional 1,154 shares in the last quarter. Private Advisor Group LLC raised its position in FTAI Aviation by 10.7% during the first quarter. Private Advisor Group LLC now owns 12,654 shares of the financial services provider’s stock valued at $852,000 after purchasing an additional 1,221 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in FTAI Aviation during the first quarter valued at approximately $240,000. Finally, Sequoia Financial Advisors LLC acquired a new position in FTAI Aviation during the first quarter valued at approximately $1,111,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

About FTAI Aviation

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.