Candelo Capital Management LP Takes $4.04 Million Position in FTAI Aviation Ltd. $FTAI

Candelo Capital Management LP acquired a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 24,200 shares of the financial services provider’s stock, valued at approximately $4,038,000. FTAI Aviation comprises 3.5% of Candelo Capital Management LP’s portfolio, making the stock its 16th largest holding.

Several other hedge funds have also modified their holdings of FTAI. Mather Group LLC. purchased a new stake in FTAI Aviation in the third quarter valued at approximately $28,000. Global Retirement Partners LLC raised its stake in FTAI Aviation by 880.0% during the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 308 shares during the period. GAMMA Investing LLC raised its stake in FTAI Aviation by 22.7% during the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 97 shares during the period. Rossby Financial LCC boosted its holdings in shares of FTAI Aviation by 13.6% in the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 65 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of FTAI Aviation by 11.0% in the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 70 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $222.24 on Friday. The firm has a fifty day moving average of $272.50 and a 200-day moving average of $205.80. FTAI Aviation Ltd. has a 52-week low of $81.45 and a 52-week high of $323.51. The company has a quick ratio of 2.30, a current ratio of 5.28 and a debt-to-equity ratio of 10.32. The firm has a market capitalization of $22.80 billion, a P/E ratio of 48.10, a PEG ratio of 0.90 and a beta of 1.50.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The business had revenue of $662.03 million for the quarter, compared to analyst estimates of $710.37 million. During the same quarter in the previous year, the firm posted $0.84 EPS. The business’s revenue was up 32.7% compared to the same quarter last year. As a group, analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 13th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.60 annualized dividend and a yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is 30.30%.

Analysts Set New Price Targets

A number of research firms have recently commented on FTAI. Royal Bank Of Canada upped their price objective on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $350.00 target price on shares of FTAI Aviation in a report on Monday, February 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Wolfe Research restated an “outperform” rating and set a $225.00 price target on shares of FTAI Aviation in a research note on Wednesday, December 31st. Finally, Citigroup restated 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $292.78.

FTAI Aviation Profile

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.