HighTower Advisors LLC Lowers Stock Position in FTAI Aviation Ltd. $FTAI

HighTower Advisors LLC lessened its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 27.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,284 shares of the financial services provider’s stock after selling 9,999 shares during the quarter. HighTower Advisors LLC’s holdings in FTAI Aviation were worth $4,386,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of FTAI. AQR Capital Management LLC acquired a new position in shares of FTAI Aviation during the first quarter worth $242,000. Brookstone Capital Management raised its stake in shares of FTAI Aviation by 9.0% in the second quarter. Brookstone Capital Management now owns 3,013 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 248 shares during the last quarter. Carnegie Investment Counsel acquired a new stake in shares of FTAI Aviation during the second quarter worth about $207,000. Envestnet Asset Management Inc. boosted its position in FTAI Aviation by 44.0% in the second quarter. Envestnet Asset Management Inc. now owns 39,302 shares of the financial services provider’s stock valued at $4,521,000 after buying an additional 12,017 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in FTAI Aviation by 1.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 40,358 shares of the financial services provider’s stock worth $4,643,000 after buying an additional 583 shares during the period. Institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

FTAI has been the subject of several research reports. BTIG Research lifted their price objective on shares of FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Wolfe Research reissued an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a report on Wednesday, December 31st. Citigroup reaffirmed an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Jefferies Financial Group reiterated a “buy” rating and set a $350.00 price objective on shares of FTAI Aviation in a research note on Monday, February 9th. Finally, Morgan Stanley boosted their price objective on FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $282.22.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $303.93 on Wednesday. The firm has a 50-day simple moving average of $247.55 and a two-hundred day simple moving average of $194.23. FTAI Aviation Ltd. has a fifty-two week low of $81.45 and a fifty-two week high of $310.00. The company has a market cap of $31.17 billion, a P/E ratio of 69.39 and a beta of 1.53.

FTAI Aviation Company 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.