FTAI Aviation Ltd. (NYSE:FTAI – Get Rating)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $16.69, but opened at $17.71. FTAI Aviation shares last traded at $17.52, with a volume of 167 shares traded.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of FTAI Aviation in a research report on Wednesday, October 12th. They issued a "sell" rating for the company. Barclays decreased their price objective on shares of FTAI Aviation from $32.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, October 25th. Compass Point decreased their price objective on shares of FTAI Aviation from $39.00 to $31.00 and set a "buy" rating for the company in a research report on Wednesday, September 21st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of FTAI Aviation in a research report on Tuesday, September 6th. They issued a "buy" rating and a $29.50 price objective for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, FTAI Aviation currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.88.
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FTAI Aviation Price Performance
The firm has a market cap of $1.74 billion, a PE ratio of -6.69 and a beta of 1.83. The business's 50 day moving average price is $16.48 and its 200 day moving average price is $17.93.
FTAI Aviation (NYSE:FTAI – Get Rating) last released its earnings results on Thursday, October 27th. The financial services provider reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.52). The company had revenue of $230.37 million for the quarter, compared to analysts' expectations of $155.11 million. FTAI Aviation had a negative return on equity of 6.79% and a negative net
margin of 34.65%. As a group, analysts predict that FTAI Aviation Ltd. will post 0.07 earnings per share for the current year.
FTAI Aviation Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, November 28th. Stockholders of record on Monday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.87%. FTAI Aviation's dividend payout ratio is currently -45.98%.
Insider Activity at FTAI Aviation
In other FTAI Aviation news, CEO Joseph P. Jr. Adams acquired 25,000 shares of the company's stock in a transaction that occurred on Wednesday, November 9th. The stock was bought at an average price of $18.00 per share, with a total value of $450,000.00. Following the purchase, the chief executive officer now owns 187,616 shares in the company, valued at $3,377,088. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.
Institutional Trading of FTAI Aviation
Several large investors have recently bought and sold shares of FTAI. Caspian Capital LP grew its stake in FTAI Aviation by 1.1% during the 1st quarter. Caspian Capital LP now owns 2,887,253 shares of the financial services provider's stock valued at $74,347,000 after acquiring an additional 31,400 shares in the last quarter. Black Swift Group LLC purchased a new stake in shares of FTAI Aviation in the 1st quarter valued at approximately $386,000. Clear Street Markets LLC purchased a new stake in shares of FTAI Aviation in the 1st quarter valued at approximately $366,000. First Eagle Investment Management LLC grew its stake in shares of FTAI Aviation by 61.6% in the 1st quarter. First Eagle Investment Management LLC now owns 51,577 shares of the financial services provider's stock valued at $1,328,000 after buying an additional 19,656 shares during the period. Finally, King Luther Capital Management Corp lifted its holdings in shares of FTAI Aviation by 29.3% in the 1st quarter. King Luther Capital Management Corp now owns 1,095,025 shares of the financial services provider's stock worth $28,197,000 after acquiring an additional 248,375 shares during the last quarter. Hedge funds and other institutional investors own 76.11% of the company's stock.
About FTAI Aviation
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FTAI Aviation Ltd. owns and acquires infrastructure and related equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.
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