Bank of Montreal Can boosted its stake in Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) by 679.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 155,800 shares of the financial services provider’s stock after buying an additional 135,800 shares during the period. Bank of Montreal Can’s holdings in Fortress Transportation and Infrastructure Investors were worth $2,484,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Global X Management Co. LLC purchased a new stake in shares of Fortress Transportation and Infrastructure Investors during the first quarter valued at approximately $7,486,000. Royce & Associates LP raised its position in Fortress Transportation and Infrastructure Investors by 23.4% in the first quarter. Royce & Associates LP now owns 229,110 shares of the financial services provider’s stock worth $3,416,000 after buying an additional 43,500 shares during the period. California Public Employees Retirement System bought a new position in Fortress Transportation and Infrastructure Investors during the first quarter worth $228,000. Stifel Financial Corp raised its position in Fortress Transportation and Infrastructure Investors by 5.2% in the first quarter. Stifel Financial Corp now owns 20,300 shares of the financial services provider’s stock worth $302,000 after buying an additional 1,000 shares during the period. Finally, Silver Capital Management LLC bought a new position in Fortress Transportation and Infrastructure Investors during the first quarter worth $475,000. Hedge funds and other institutional investors own 26.13% of the company’s stock.

Fortress Transportation and Infrastructure Investors LLC (NYSE FTAI) traded down 0.95% during trading on Thursday, reaching $17.77. The company’s stock had a trading volume of 38,632 shares. The company has a 50 day moving average price of $16.52 and a 200-day moving average price of $15.63. Fortress Transportation and Infrastructure Investors LLC has a 52 week low of $10.96 and a 52 week high of $18.41. The company’s market capitalization is $1.35 billion.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.04. Fortress Transportation and Infrastructure Investors had a negative net margin of 4.98% and a positive return on equity of 0.27%. The firm had revenue of $51.20 million during the quarter, compared to analyst estimates of $52.36 million. During the same quarter in the previous year, the business posted ($0.07) EPS. Fortress Transportation and Infrastructure Investors’s revenue was up 54.2% compared to the same quarter last year. Equities research analysts anticipate that Fortress Transportation and Infrastructure Investors LLC will post $0.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Friday, August 18th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date is Wednesday, August 16th. Fortress Transportation and Infrastructure Investors’s payout ratio is currently -1,100.00%.

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FTAI has been the topic of a number of recent research reports. TheStreet raised Fortress Transportation and Infrastructure Investors from a “c” rating to a “b-” rating in a research note on Monday, July 31st. BidaskClub raised Fortress Transportation and Infrastructure Investors from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised Fortress Transportation and Infrastructure Investors from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, JMP Securities boosted their price objective on Fortress Transportation and Infrastructure Investors from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, May 8th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $16.88.

In other news, Director Paul R. Goodwin bought 5,000 shares of Fortress Transportation and Infrastructure Investors stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $85,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is currently owned by company insiders.

Fortress Transportation and Infrastructure Investors 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.

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Institutional Ownership by Quarter for Fortress Transportation and Infrastructure Investors (NYSE:FTAI)

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