Garnet Equity Capital Holdings Inc. Raises Holdings in FTAI Aviation Ltd. $FTAI

Garnet Equity Capital Holdings Inc. raised its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 45.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,000 shares of the financial services provider’s stock after purchasing an additional 40,000 shares during the quarter. FTAI Aviation accounts for 3.5% of Garnet Equity Capital Holdings Inc.’s investment portfolio, making the stock its 7th largest position. Garnet Equity Capital Holdings Inc.’s holdings in FTAI Aviation were worth $14,725,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Virtus Advisers LLC purchased a new position in shares of FTAI Aviation in the 1st quarter worth about $29,000. Parallel Advisors LLC raised its position in FTAI Aviation by 78.5% in the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 135 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in FTAI Aviation in the first quarter valued at about $53,000. Armstrong Advisory Group Inc. bought a new position in shares of FTAI Aviation during the 2nd quarter valued at approximately $60,000. Finally, Assetmark Inc. increased its stake in shares of FTAI Aviation by 15.8% during the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 87 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wall Street Zen downgraded FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, November 7th. Morgan Stanley upped their target price on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Barclays boosted their price target on shares of FTAI Aviation from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Finally, Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.11.

FTAI Aviation Trading Up 0.5%

Shares of NASDAQ FTAI opened at $154.35 on Thursday. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 35.24 and a beta of 1.67. The stock’s 50-day moving average is $170.34 and its 200 day moving average is $140.28. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $194.36.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The business had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. During the same period in the prior year, the business posted $0.76 EPS. FTAI Aviation’s revenue for the quarter was up 43.2% on a year-over-year basis. On average, analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.40 annualized dividend and a yield of 0.9%. FTAI Aviation’s dividend payout ratio is presently 31.96%.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.