Intech Investment Management LLC Invests $4.30 Million in FTAI Aviation Ltd. $FTAI

Intech Investment Management LLC purchased a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 25,743 shares of the financial services provider’s stock, valued at approximately $4,295,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rubric Capital Management LP boosted its position in FTAI Aviation by 28.3% during the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after acquiring an additional 749,080 shares during the period. Ensign Peak Advisors Inc grew its position in FTAI Aviation by 67.4% during the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after purchasing an additional 1,238,294 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in FTAI Aviation by 5.9% during the second quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider’s stock valued at $246,718,000 after purchasing an additional 119,237 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in FTAI Aviation by 1.2% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,915,411 shares of the financial services provider’s stock valued at $220,349,000 after buying an additional 22,960 shares during the period. Finally, Norges Bank acquired a new position in FTAI Aviation in the 2nd quarter valued at approximately $142,012,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FTAI shares. BTIG Research raised their price target on FTAI Aviation from $230.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Barclays increased their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday. Citizens Jmp upped their price objective on shares of FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Finally, Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $292.22.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $305.80 on Monday. FTAI Aviation Ltd. has a 52-week low of $81.45 and a 52-week high of $323.51. The firm has a market capitalization of $31.37 billion, a PE ratio of 66.19 and a beta of 1.50. The company’s fifty day moving average price is $255.98 and its two-hundred day moving average price is $197.69.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). FTAI Aviation had a return on equity of 337.39% and a net margin of 19.98%.The firm had revenue of $662.03 million for the quarter, compared to analyst estimates of $710.37 million. During the same period in the previous year, the business posted $0.84 EPS. The business’s quarterly revenue was up 32.7% on a year-over-year basis. Analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

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.