Alps Advisors Inc. raised its stake in shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) by 666.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,862 shares of the financial services provider’s stock after purchasing an additional 90,312 shares during the period. Alps Advisors Inc. owned 0.14% of Fortress Transportation and Infrastructure Investors worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of FTAI. California Public Employees Retirement System purchased a new stake in Fortress Transportation and Infrastructure Investors during the first quarter valued at approximately $228,000. Bank of America Corp DE raised its position in Fortress Transportation and Infrastructure Investors by 21.1% during the first quarter. Bank of America Corp DE now owns 306,617 shares of the financial services provider’s stock valued at $4,571,000 after purchasing an additional 53,387 shares during the period. Bank of Montreal Can raised its position in Fortress Transportation and Infrastructure Investors by 679.0% during the second quarter. Bank of Montreal Can now owns 155,800 shares of the financial services provider’s stock valued at $2,484,000 after purchasing an additional 135,800 shares during the period. Whittier Trust Co. raised its position in Fortress Transportation and Infrastructure Investors by 1.8% during the second quarter. Whittier Trust Co. now owns 110,348 shares of the financial services provider’s stock valued at $1,759,000 after purchasing an additional 1,967 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Fortress Transportation and Infrastructure Investors by 4.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 32,915 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 1,393 shares during the period. Institutional investors and hedge funds own 25.64% of the company’s stock.

Shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) traded down $0.11 during midday trading on Monday, hitting $18.09. The stock had a trading volume of 168,000 shares, compared to its average volume of 157,835. Fortress Transportation and Infrastructure Investors LLC has a 12-month low of $13.02 and a 12-month high of $18.98. The stock has a market capitalization of $1,370.71, a P/E ratio of 201.00 and a beta of 1.92.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Fortress Transportation and Infrastructure Investors had a positive return on equity of 0.60% and a negative net margin of 2.36%. The firm had revenue of $60.40 million for the quarter, compared to the consensus estimate of $56.04 million. During the same period in the prior year, the business posted ($0.02) earnings per share. The company’s revenue for the quarter was up 44.8% on a year-over-year basis. research analysts expect that Fortress Transportation and Infrastructure Investors LLC will post 0.19 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 17th will be issued a $0.33 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.32 annualized dividend and a dividend yield of 7.30%. Fortress Transportation and Infrastructure Investors’s payout ratio is -2,200.00%.

FTAI has been the topic of a number of recent research reports. Zacks Investment Research downgraded Fortress Transportation and Infrastructure Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. BidaskClub downgraded Fortress Transportation and Infrastructure Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. TheStreet upgraded Fortress Transportation and Infrastructure Investors from a “c” rating to a “b-” rating in a research report on Monday, July 31st. Finally, Bank of America Corporation upped their price objective on Fortress Transportation and Infrastructure Investors from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, November 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $19.63.

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About Fortress Transportation and Infrastructure Investors

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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