FTAI Aviation Ltd. $FTAI Shares Bought by Next Century Growth Investors LLC

Next Century Growth Investors LLC grew its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 117,912 shares of the financial services provider’s stock after buying an additional 3,596 shares during the period. FTAI Aviation accounts for approximately 1.6% of Next Century Growth Investors LLC’s portfolio, making the stock its 13th largest position. Next Century Growth Investors LLC owned about 0.11% of FTAI Aviation worth $23,211,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FTAI. Greenline Wealth Management LLC purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at about $50,000. First Horizon Corp raised its holdings in shares of FTAI Aviation by 131.9% in the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after buying an additional 182 shares during the last quarter. Covestor Ltd raised its holdings in shares of FTAI Aviation by 338.6% in the fourth quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock valued at $76,000 after buying an additional 298 shares during the last quarter. Rossby Financial LCC raised its holdings in shares of FTAI Aviation by 13.6% in the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after buying an additional 65 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of FTAI Aviation by 88.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock valued at $95,000 after buying an additional 227 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FTAI shares. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Weiss Ratings cut shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Barclays upped their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a report on Sunday, May 3rd. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $326.88.

Insider Activity

In related news, Director Martin Tuchman sold 143,584 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the completion of the transaction, the director directly owned 236,302 shares of the company’s stock, valued at $57,289,056.88. This represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the transaction, the director owned 3,012 shares in the company, valued at $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 254,515 shares of company stock valued at $61,599,445 over the last three months. 1.35% of the stock is currently owned by corporate insiders.

FTAI Aviation Trading Up 0.3%

NASDAQ FTAI opened at $241.96 on Friday. The stock has a market capitalization of $24.82 billion, a P/E ratio of 48.01, a P/E/G ratio of 0.97 and a beta of 1.47. FTAI Aviation Ltd. has a 52-week low of $108.47 and a 52-week high of $323.51. The firm has a 50-day moving average price of $248.12 and a 200 day moving average price of $240.74. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.32). The firm had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm’s quarterly revenue was up 65.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 earnings per share. Equities research analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is currently 31.75%.

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.