JonesTrading Initiates Coverage on FTAI Infrastructure (NASDAQ:FIP)

Stock analysts at JonesTrading assumed coverage on shares of FTAI Infrastructure (NASDAQ:FIP) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage set a “buy” rating and a $8.75 price target on the stock. JonesTrading’s price target would indicate a potential upside of 88.58% from the stock’s current price.

A number of other research analysts have also recently weighed in on FIP. Wall Street Zen cut shares of FTAI Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. BTIG Research reduced their target price on FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Compass Point set a $12.00 target price on FTAI Infrastructure in a report on Tuesday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of FTAI Infrastructure in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, FTAI Infrastructure presently has an average rating of “Hold” and a consensus price target of $9.92.

FTAI Infrastructure Price Performance

Shares of NASDAQ FIP opened at $4.64 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 110.28. The company’s 50-day moving average price is $4.82 and its 200 day moving average price is $5.22. FTAI Infrastructure has a 52 week low of $3.90 and a 52 week high of $7.93. The stock has a market cap of $548.26 million, a price-to-earnings ratio of -1.03 and a beta of 1.79.

FTAI Infrastructure (NASDAQ:FIP) last announced its earnings results on Thursday, May 7th. The company reported ($1.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.90). FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 68.58%.The business had revenue of $188.36 million for the quarter, compared to analyst estimates of $182.41 million. The business’s quarterly revenue was up 95.8% compared to the same quarter last year.

Insider Transactions at FTAI Infrastructure

In other news, CFO Carl Russell Iv Fletcher bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were purchased at an average price of $4.58 per share, for a total transaction of $45,800.00. Following the completion of the transaction, the chief financial officer owned 40,000 shares in the company, valued at $183,200. The trade was a 33.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.17% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FIP. Larson Financial Group LLC grew its position in shares of FTAI Infrastructure by 6,941.7% in the fourth quarter. Larson Financial Group LLC now owns 8,098 shares of the company’s stock valued at $37,000 after purchasing an additional 7,983 shares during the period. Russell Investments Group Ltd. boosted its stake in FTAI Infrastructure by 12,129.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company’s stock worth $40,000 after buying an additional 9,097 shares during the last quarter. Xponance LLC acquired a new stake in FTAI Infrastructure in the 4th quarter worth about $47,000. CIBC Bancorp USA Inc. purchased a new stake in FTAI Infrastructure in the 3rd quarter valued at about $50,000. Finally, CIBC Asset Management Inc purchased a new stake in FTAI Infrastructure in the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

About FTAI Infrastructure

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.