1,522,854 FTAI Infrastructure Inc. $FIP Shares Bought by CenterBook Partners LP

CenterBook Partners LP raised its stake in FTAI Infrastructure Inc. (NASDAQ:FIP) by 77.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,485,831 shares of the company’s stock after acquiring an additional 1,522,854 shares during the quarter. CenterBook Partners LP’s holdings in FTAI Infrastructure were worth $9,621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of FTAI Infrastructure by 10.3% during the 2nd quarter. Wellington Management Group LLP now owns 13,490,351 shares of the company’s stock valued at $62,595,000 after purchasing an additional 1,259,468 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in FTAI Infrastructure during the second quarter worth $8,591,000. Lazard Asset Management LLC boosted its holdings in FTAI Infrastructure by 38.0% during the first quarter. Lazard Asset Management LLC now owns 467,149 shares of the company’s stock worth $2,308,000 after buying an additional 128,598 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in FTAI Infrastructure by 43.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 433,930 shares of the company’s stock valued at $2,144,000 after buying an additional 131,521 shares during the period. Finally, Fifth Third Bancorp purchased a new position in FTAI Infrastructure in the first quarter valued at $1,839,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

NASDAQ FIP traded up $0.53 on Friday, hitting $3.47. The company had a trading volume of 2,525,259 shares, compared to its average volume of 1,482,300. The company has a market capitalization of $410.08 million, a PE ratio of -0.68 and a beta of 1.82. The company’s fifty day moving average price is $2.88 and its 200-day moving average price is $4.45. FTAI Infrastructure Inc. has a 12-month low of $2.23 and a 12-month high of $6.69.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($1.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.72). The business had revenue of $218.97 million for the quarter, compared to the consensus estimate of $195.03 million.

FTAI Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Monday, November 23rd will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, November 23rd. FTAI Infrastructure’s dividend payout ratio is -2.31%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citizens Jmp initiated coverage on shares of FTAI Infrastructure in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $10.00 target price on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a research note on Wednesday, September 9th. JonesTrading reaffirmed a “buy” rating and issued a $8.75 price target on shares of FTAI Infrastructure in a report on Monday, September 28th. Citigroup reiterated a “market outperform” rating on shares of FTAI Infrastructure in a research report on Tuesday, September 29th. Finally, UBS Group reiterated a “buy” rating on shares of FTAI Infrastructure in a research report on Friday. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, FTAI Infrastructure currently has an average rating of “Moderate Buy” and a consensus target price of $9.75.

Trending Headlines about FTAI Infrastructure

Here are the key news stories impacting FTAI Infrastructure this week:

• Positive Sentiment: FIP reported Q3 revenue of $218.97 million, above analysts’ $195.03 million estimate. FERC approval of MARA Holdings’ $1.5 billion Long Ridge acquisition may also help advance a transaction tied to FIP’s Long Ridge assets and potential monetization. FTAI Infrastructure Q3 sales FERC clears Long Ridge acquisition
• Positive Sentiment: The company declared a quarterly dividend of $0.03 per share, payable December 7 to shareholders of record November 23. Q3 results and dividend announcement
• Neutral Sentiment: Coverage of the Q3 outlook highlights rail growth, asset sales, and a terminal transformation. These initiatives could support future performance, but their impact depends on execution. Q3 outlook analysis
• Negative Sentiment: FIP posted a Q3 loss of $1.27 per share, significantly worse than analysts’ expected loss of $0.55. The earnings miss may temper the positive revenue and asset-sale news. Q3 earnings call transcript

About FTAI Infrastructure

FTAI Infrastructure Inc is an infrastructure company that owns and operates critical transportation and energy assets. Its portfolio is designed to support the movement, storage and processing of essential commodities and industrial products, with a focus on long-lived infrastructure that serves industrial and logistics customers.

The company’s businesses include Transtar, an industrial rail network serving manufacturing facilities, ports and other freight customers; Jefferson Terminal, a multimodal port and logistics facility on the U.S.