FTAI Aviation (NYSE:FTAI) Trading Down 7.6% – Here’s What Happened

FTAI Aviation Ltd. (NYSE:FTAI)’s share price was down 7.6% during trading on Thursday . The company traded as low as $129.90 and last traded at $129.72. Approximately 490,022 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 3,871,653 shares. The stock had previously closed at $140.32.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FTAI. Compass Point increased their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Tuesday, January 21st. BTIG Research boosted their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Finally, Benchmark boosted their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $171.75.

FTAI Aviation Price Performance

The company has a market capitalization of $13.29 billion, a P/E ratio of -1,296.17 and a beta of 2.06. The firm has a fifty day moving average price of $125.23 and a 200-day moving average price of $133.96.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds have recently made changes to their positions in the business. Oppenheimer & Co. Inc. increased its holdings in FTAI Aviation by 96.8% during the third quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock worth $1,110,000 after buying an additional 4,106 shares during the last quarter. Sara Bay Financial purchased a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $547,000. Concurrent Investment Advisors LLC purchased a new stake in shares of FTAI Aviation during the 3rd quarter worth approximately $498,000. Ibex Wealth Advisors bought a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $3,518,000. Finally, Luxor Capital Group LP purchased a new position in FTAI Aviation in the third quarter valued at approximately $1,298,000. 88.96% of the stock is currently owned by institutional investors.

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.