FTAI Aviation Ltd. (NASDAQ:FTAI) Sees Significant Increase in Short Interest

FTAI Aviation Ltd. (NASDAQ:FTAI) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 5,571,113 shares, a growth of 47.1% from the February 26th total of 3,786,270 shares. Based on an average daily volume of 1,705,875 shares, the short-interest ratio is currently 3.3 days. Currently, 5.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mather Group LLC. purchased a new position in shares of FTAI Aviation during the third quarter worth about $28,000. Garton & Associates Financial Advisors LLC bought a new stake in FTAI Aviation during the fourth quarter valued at approximately $30,000. Greenline Wealth Management LLC purchased a new position in FTAI Aviation in the 4th quarter worth approximately $50,000. Global Retirement Partners LLC grew its stake in FTAI Aviation by 880.0% in the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after buying an additional 308 shares in the last quarter. Finally, First Horizon Corp increased its holdings in shares of FTAI Aviation by 131.9% in the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after buying an additional 182 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FTAI shares. Jefferies Financial Group reiterated a “buy” rating and set a $350.00 price objective on shares of FTAI Aviation in a research report on Monday, February 9th. Morgan Stanley boosted their target price on shares of FTAI Aviation from $266.00 to $293.00 and gave the company an “overweight” rating in a research report on Tuesday. Weiss Ratings upgraded shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 16th. Royal Bank Of Canada raised their price target on shares of FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $225.00 price objective on shares of FTAI Aviation in a research note on Wednesday, December 31st. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $295.78.

FTAI Aviation Trading Down 0.4%

NASDAQ FTAI traded down $0.89 on Friday, reaching $239.06. The company had a trading volume of 874,229 shares, compared to its average volume of 2,025,126. The firm has a market cap of $24.52 billion, a price-to-earnings ratio of 51.74, a P/E/G ratio of 0.90 and a beta of 1.50. FTAI Aviation has a fifty-two week low of $81.45 and a fifty-two week high of $323.51. The business has a 50 day moving average of $270.83 and a two-hundred day moving average of $211.70. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data 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). The company had revenue of $662.03 million during the quarter, compared to the consensus estimate of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The business’s revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. Analysts forecast that FTAI Aviation will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 13th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, March 13th. FTAI Aviation’s payout ratio is presently 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.