Persistent Asset Partners Ltd Buys New Position in FTAI Aviation Ltd. $FTAI

Persistent Asset Partners Ltd bought a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,000 shares of the financial services provider’s stock, valued at approximately $334,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in FTAI Aviation during the 1st quarter valued at approximately $242,000. Brookstone Capital Management boosted its position in FTAI Aviation by 9.0% during the 2nd quarter. Brookstone Capital Management now owns 3,013 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 248 shares during the period. Carnegie Investment Counsel acquired a new stake in FTAI Aviation in the second quarter worth $207,000. Caitong International Asset Management Co. Ltd lifted its stake in FTAI Aviation by 3,692.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 948 shares of the financial services provider’s stock valued at $109,000 after buying an additional 923 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of FTAI Aviation by 44.0% during the second quarter. Envestnet Asset Management Inc. now owns 39,302 shares of the financial services provider’s stock valued at $4,521,000 after acquiring an additional 12,017 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $288.98 on Friday. The firm’s 50 day moving average price is $240.31 and its two-hundred day moving average price is $190.24. The firm has a market cap of $29.64 billion, a PE ratio of 65.98 and a beta of 1.53. FTAI Aviation Ltd. has a twelve month low of $81.45 and a twelve month high of $310.00.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FTAI. Citizens Jmp lifted their price target on FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research report on Thursday, January 29th. Morgan Stanley upped their price target on FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Royal Bank Of Canada raised their price objective on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 29th. Finally, Citigroup reaffirmed an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $282.22.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.