Elevation Point Wealth Partners LLC Buys New Shares in FTAI Aviation Ltd. $FTAI

Elevation Point Wealth Partners LLC purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 12,732 shares of the financial services provider’s stock, valued at approximately $2,124,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Candelo Capital Management LP bought a new position in shares of FTAI Aviation in the 3rd quarter valued at about $4,038,000. Chilton Investment Co. Inc. bought a new stake in shares of FTAI Aviation in the 3rd quarter valued at about $4,238,000. Boothbay Fund Management LLC raised its holdings in shares of FTAI Aviation by 7.7% in the 3rd quarter. Boothbay Fund Management LLC now owns 8,306 shares of the financial services provider’s stock valued at $1,386,000 after purchasing an additional 592 shares during the period. Aristotle Capital Boston LLC lifted its stake in FTAI Aviation by 37.5% in the 3rd quarter. Aristotle Capital Boston LLC now owns 22,209 shares of the financial services provider’s stock valued at $3,706,000 after purchasing an additional 6,055 shares during the last quarter. Finally, Algert Global LLC lifted its stake in FTAI Aviation by 57.6% in the 3rd quarter. Algert Global LLC now owns 83,731 shares of the financial services provider’s stock valued at $13,971,000 after purchasing an additional 30,587 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Citizens Jmp lifted their target price on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 29th. Barclays boosted their target price on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $225.00 price target on shares of FTAI Aviation in a report on Wednesday, December 31st. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $292.78.

FTAI Aviation Stock Down 6.3%

FTAI Aviation stock opened at $222.24 on Monday. The company’s 50-day moving average price is $272.50 and its two-hundred day moving average price is $206.20. 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 stock has a market cap of $22.80 billion, a P/E ratio of 48.10, a P/E/G ratio of 0.90 and a beta of 1.50. FTAI Aviation Ltd. has a twelve month low of $81.45 and a twelve month high of $323.51.

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

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 13th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation’s payout ratio is currently 34.63%.

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.