Telemus Capital LLC boosted its stake in shares of Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) by 22.8% during the first quarter, Holdings Channel reports. The institutional investor owned 715,725 shares of the financial services provider’s stock after buying an additional 132,953 shares during the period. Fortress Transprtn and Infr Investrs comprises 1.5% of Telemus Capital LLC’s portfolio, making the stock its 7th largest position. Telemus Capital LLC’s holdings in Fortress Transprtn and Infr Investrs were worth $10,671,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. GSA Capital Partners LLP increased its stake in shares of Fortress Transprtn and Infr Investrs by 43.9% in the fourth quarter. GSA Capital Partners LLP now owns 78,129 shares of the financial services provider’s stock valued at $1,039,000 after buying an additional 23,840 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Fortress Transprtn and Infr Investrs by 62.1% in the fourth quarter. Renaissance Technologies LLC now owns 259,856 shares of the financial services provider’s stock valued at $3,456,000 after buying an additional 99,556 shares in the last quarter. Royce & Associates LP increased its stake in shares of Fortress Transprtn and Infr Investrs by 32.9% in the fourth quarter. Royce & Associates LP now owns 185,610 shares of the financial services provider’s stock valued at $2,469,000 after buying an additional 46,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Fortress Transprtn and Infr Investrs by 33.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,321 shares of the financial services provider’s stock valued at $217,000 after buying an additional 4,061 shares in the last quarter. Finally, Harbor Advisors LLC purchased a new stake in shares of Fortress Transprtn and Infr Investrs during the fourth quarter valued at $1,421,000. Hedge funds and other institutional investors own 22.53% of the company’s stock.

Institutional Ownership by Quarter for Fortress Transprtn and Infr Investrs (NYSE:FTAI)

Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) traded up 1.94% during trading on Tuesday, reaching $14.69. 692,715 shares of the company’s stock traded hands. Fortress Transprtn and Infr Investrs LLC has a 12 month low of $8.92 and a 12 month high of $15.91. The company’s market capitalization is $1.11 billion. The firm’s 50 day moving average is $15.11 and its 200-day moving average is $13.95.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last posted its earnings results on Thursday, February 23rd. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Fortress Transprtn and Infr Investrs had a negative return on equity of 1.25% and a negative net margin of 16.37%. The business earned $42.35 million during the quarter, compared to analysts’ expectations of $43.95 million. During the same period in the prior year, the business earned ($0.03) EPS. Fortress Transprtn and Infr Investrs’s revenue for the quarter was up 25.3% compared to the same quarter last year. Analysts expect that Fortress Transprtn and Infr Investrs LLC will post $0.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 20th. Investors of record on Friday, March 10th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $1.32 dividend on an annualized basis and a yield of 8.99%. Fortress Transprtn and Infr Investrs’s payout ratio is -425.79%.

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FTAI has been the topic of several research analyst reports. Zacks Investment Research cut shares of Fortress Transprtn and Infr Investrs from a “buy” rating to a “hold” rating in a research note on Monday, March 20th. Raymond James Financial, Inc. cut shares of Fortress Transprtn and Infr Investrs from a “strong-buy” rating to an “outperform” rating and raised their target price for the company from $15.00 to $16.50 in a research note on Wednesday, January 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $16.38.

Fortress Transprtn and Infr Investrs Company Profile

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company operates through five segments Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad.

5 Day Chart for NYSE:FTAI

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