Illinois Municipal Retirement Fund Sells 3,343 Shares of FTAI Aviation Ltd. $FTAI

Illinois Municipal Retirement Fund trimmed its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 19.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,598 shares of the financial services provider’s stock after selling 3,343 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in FTAI Aviation were worth $2,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTAI. AQR Capital Management LLC bought a new stake in FTAI Aviation during the first quarter worth approximately $242,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of FTAI Aviation during the 2nd quarter valued at approximately $348,000. Brookstone Capital Management raised its holdings in FTAI Aviation by 9.0% during the 2nd quarter. Brookstone Capital Management now owns 3,013 shares of the financial services provider’s stock valued at $347,000 after buying an additional 248 shares during the period. Carnegie Investment Counsel purchased a new stake in FTAI Aviation during the 2nd quarter valued at $207,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in FTAI Aviation by 3,692.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 948 shares of the financial services provider’s stock worth $109,000 after buying an additional 923 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $279.85 on Tuesday. The firm’s 50-day moving average is $233.98 and its two-hundred day moving average is $187.82. FTAI Aviation Ltd. has a 1 year low of $81.45 and a 1 year high of $310.00. The stock has a market cap of $28.70 billion, a price-to-earnings ratio of 63.89 and a beta of 1.53.

Wall Street Analyst Weigh In

A number of research analysts have weighed in 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. BTIG Research upped their price target on shares of FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Finally, Wolfe Research reiterated an “outperform” rating and set a $225.00 price objective on shares of FTAI Aviation in a report on Wednesday, December 31st. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $274.50.

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.