Tribune Investment Group LP Sells 8,120 Shares of FTAI Aviation Ltd. $FTAI

Tribune Investment Group LP lessened its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 36.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,880 shares of the financial services provider’s stock after selling 8,120 shares during the period. FTAI Aviation comprises approximately 1.5% of Tribune Investment Group LP’s investment portfolio, making the stock its 22nd biggest position. Tribune Investment Group LP’s holdings in FTAI Aviation were worth $3,755,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Mediolanum International Funds Ltd bought a new position in shares of FTAI Aviation in the first quarter worth about $1,313,000. M&T Bank Corp increased its stake in FTAI Aviation by 323.6% in the 4th quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock worth $3,172,000 after buying an additional 12,308 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in FTAI Aviation during the 1st quarter valued at about $7,217,000. Trek Financial LLC bought a new stake in FTAI Aviation during the 4th quarter valued at about $3,936,000. Finally, Swiss National Bank boosted its position in FTAI Aviation by 48.9% in the 1st quarter. Swiss National Bank now owns 301,000 shares of the financial services provider’s stock valued at $73,745,000 after buying an additional 98,808 shares during the period. Institutional investors own 88.96% of the company’s stock.

Analysts Set New Price Targets

FTAI has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on shares of FTAI Aviation from $319.00 to $360.00 and gave the stock an “overweight” rating in a research note on Friday. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a $325.00 price target on shares of FTAI Aviation in a report on Sunday, August 2nd. Finally, BTIG Research dropped their price objective on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $320.11.

FTAI Aviation Price Performance

Shares of NASDAQ FTAI opened at $209.70 on Monday. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28. The company has a market cap of $21.54 billion, a PE ratio of 45.59, a P/E/G ratio of 0.84 and a beta of 1.51. The business has a 50-day simple moving average of $230.58 and a two-hundred day simple moving average of $247.21. FTAI Aviation Ltd. has a fifty-two week low of $144.98 and a fifty-two week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%.The business had revenue of $953.09 million for the quarter. During the same quarter last year, the firm earned $1.57 EPS. The business’s revenue was up 40.9% on a year-over-year basis. As a group, equities analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 12th. FTAI Aviation’s payout ratio is currently 43.48%.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the transaction, the director owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President David Moreno acquired 2,475 shares of the stock in a transaction dated Friday, July 31st. The shares were bought at an average price of $201.27 per share, with a total value of $498,143.25. Following the completion of the purchase, the president directly owned 199,490 shares of the company’s stock, valued at approximately $40,151,352.30. This trade represents a 1.26% increase in their position. The SEC filing for this purchase provides additional information. 1.35% of the stock is currently owned by insiders.

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.