Zacks Investment Research downgraded shares of Fortress Transprtn and Infr Investrs (NYSE:FTAI) from a strong-buy rating to a hold rating in a research note published on Monday.

According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the owning and acquisition of infrastructure and equipment for leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, United States. “

Separately, ValuEngine cut Fortress Transprtn and Infr Investrs from a buy rating to a hold rating in a report on Friday, November 16th.

Fortress Transprtn and Infr Investrs stock traded up $0.31 during mid-day trading on Monday, hitting $15.13. 2,700 shares of the company’s stock were exchanged, compared to its average volume of 178,196. The company has a market capitalization of $1.23 billion, a PE ratio of 124.75 and a beta of 1.37. Fortress Transprtn and Infr Investrs has a fifty-two week low of $12.84 and a fifty-two week high of $20.13.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last released its earnings results on Thursday, November 1st. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. The firm had revenue of $101.20 million during the quarter, compared to analysts’ expectations of $81.26 million. Fortress Transprtn and Infr Investrs had a return on equity of 1.57% and a net margin of 2.59%. The company’s revenue was up 67.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. Equities research analysts predict that Fortress Transprtn and Infr Investrs will post 0.3 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bard Associates Inc. grew its holdings in shares of Fortress Transprtn and Infr Investrs by 12.6% in the 2nd quarter. Bard Associates Inc. now owns 27,989 shares of the financial services provider’s stock valued at $506,000 after acquiring an additional 3,135 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of Fortress Transprtn and Infr Investrs by 8.3% in the 3rd quarter. Gabelli Funds LLC now owns 48,100 shares of the financial services provider’s stock valued at $874,000 after acquiring an additional 3,687 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Fortress Transprtn and Infr Investrs by 2.4% in the 3rd quarter. Wells Fargo & Company MN now owns 176,528 shares of the financial services provider’s stock valued at $3,209,000 after acquiring an additional 4,084 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Fortress Transprtn and Infr Investrs by 2.3% in the 2nd quarter. Bank of America Corp DE now owns 679,299 shares of the financial services provider’s stock valued at $12,275,000 after acquiring an additional 15,370 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Fortress Transprtn and Infr Investrs by 1.1% in the 3rd quarter. Morgan Stanley now owns 1,601,146 shares of the financial services provider’s stock valued at $29,109,000 after acquiring an additional 17,112 shares in the last quarter. Institutional investors own 33.49% of the company’s stock.

About Fortress Transprtn and Infr Investrs

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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