Bank of America Corp DE boosted its position in Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) by 2.3% during the second quarter, Holdings Channel reports. The institutional investor owned 679,299 shares of the financial services provider’s stock after purchasing an additional 15,370 shares during the quarter. Bank of America Corp DE’s holdings in Fortress Transprtn and Infr Investrs were worth $12,275,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FTAI. Intrinsic Edge Capital Management LLC raised its holdings in shares of Fortress Transprtn and Infr Investrs by 51.9% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 409,521 shares of the financial services provider’s stock worth $7,400,000 after buying an additional 140,000 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Fortress Transprtn and Infr Investrs by 49.2% in the 2nd quarter. Renaissance Technologies LLC now owns 408,971 shares of the financial services provider’s stock worth $7,390,000 after purchasing an additional 134,780 shares in the last quarter. Stephens Inc. AR acquired a new position in Fortress Transprtn and Infr Investrs in the 2nd quarter worth about $885,000. Summit Trail Advisors LLC acquired a new position in Fortress Transprtn and Infr Investrs in the 2nd quarter worth about $271,000. Finally, Gamco Investors INC. ET AL increased its holdings in Fortress Transprtn and Infr Investrs by 10.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 72,250 shares of the financial services provider’s stock worth $1,306,000 after purchasing an additional 7,078 shares in the last quarter. 32.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of FTAI opened at $17.90 on Friday. Fortress Transprtn and Infr Investrs LLC has a 12-month low of $15.45 and a 12-month high of $20.13. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 149.17 and a beta of 1.50.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last issued its earnings results on Thursday, August 2nd. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Fortress Transprtn and Infr Investrs had a return on equity of 1.33% and a net margin of 2.39%. The firm had revenue of $71.98 million during the quarter, compared to analyst estimates of $76.57 million. During the same period in the previous year, the company earned $0.01 EPS. Fortress Transprtn and Infr Investrs’s revenue for the quarter was up 40.6% on a year-over-year basis. Equities analysts forecast that Fortress Transprtn and Infr Investrs LLC will post 0.32 earnings per share for the current year.

A number of equities analysts have issued reports on FTAI shares. Zacks Investment Research raised Fortress Transprtn and Infr Investrs from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Monday, July 9th. TheStreet raised Fortress Transprtn and Infr Investrs from a “c+” rating to a “b” rating in a report on Friday, August 3rd. Finally, ValuEngine raised Fortress Transprtn and Infr Investrs from a “hold” rating to a “buy” rating in a report on Saturday, June 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Fortress Transprtn and Infr Investrs has an average rating of “Buy” and an average target price of $21.33.

Fortress Transprtn and Infr Investrs Company Profile

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

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

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