FTAI Aviation Ltd. $FTAI Stock Position Cut by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. lowered its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 47.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,262 shares of the financial services provider’s stock after selling 7,416 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in FTAI Aviation were worth $1,380,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB purchased a new stake in FTAI Aviation in the third quarter worth $25,000. SJS Investment Consulting Inc. lifted its position in shares of FTAI Aviation by 122.9% during the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 59 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of FTAI Aviation by 142.2% during the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 64 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of FTAI Aviation during the second quarter worth $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of FTAI Aviation during the second quarter valued at $37,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Up 3.3%

FTAI opened at $168.56 on Friday. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The stock’s fifty day moving average is $189.63 and its two-hundred day moving average is $223.70. The company has a market capitalization of $17.31 billion, a P/E ratio of 36.64, a PEG ratio of 0.81 and a beta of 1.51. FTAI Aviation Ltd. has a 52 week low of $149.50 and a 52 week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.19). FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%. The firm had revenue of $953.09 million during the quarter. During the same period last year, the company earned $1.57 EPS. The company’s revenue for the quarter was up 40.9% on a year-over-year basis. Analysts forecast that FTAI Aviation Ltd. will post 5.48 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. FTAI Aviation’s dividend payout ratio (DPR) is 43.48%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FTAI. Jefferies Financial Group restated a “buy” rating and issued a $325.00 price target on shares of FTAI Aviation in a report on Sunday, August 2nd. Weiss Ratings lowered shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Morgan Stanley boosted their price objective on shares of FTAI Aviation from $319.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Royal Bank Of Canada dropped their target price on shares of FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, July 27th. Finally, BTIG Research reduced their target price on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $316.88.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, President David Moreno purchased 2,475 shares of the stock in a transaction dated Friday, July 31st. The stock was purchased at an average price of $201.27 per share, with a total value of $498,143.25. Following the transaction, the president 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.35% of the company’s stock.

About FTAI Aviation

FTAI Aviation Ltd. is an aviation company focused on owning, leasing, and managing commercial aircraft and aircraft engines. The company provides aviation assets to airlines, aircraft leasing companies, maintenance, repair and overhaul providers, and other participants in the global aviation industry.

FTAI Aviation’s business includes aircraft and engine leasing, asset management, and the acquisition and sale of aviation equipment. Through its aviation products activities, the company also develops and sells proprietary aerospace products designed to improve engine performance, reliability, and maintenance economics, including solutions associated with the CFM56 engine platform.

The company serves customers across international aviation markets and manages assets used by airlines and operators in multiple regions.