FTAI Aviation Ltd. (NYSE:FTAI) is Long Focus Capital Management LLC’s 9th Largest Position

Long Focus Capital Management LLC decreased its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 22.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 710,000 shares of the financial services provider’s stock after selling 201,478 shares during the period. FTAI Aviation makes up 2.8% of Long Focus Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Long Focus Capital Management LLC’s holdings in FTAI Aviation were worth $73,293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FTAI. Capital International Investors purchased a new stake in shares of FTAI Aviation in the 1st quarter worth approximately $274,052,000. CIBC Private Wealth Group LLC raised its position in shares of FTAI Aviation by 90.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock worth $132,643,000 after purchasing an additional 1,359,302 shares during the last quarter. American Century Companies Inc. boosted its stake in FTAI Aviation by 1,923.5% in the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after purchasing an additional 924,730 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in FTAI Aviation by 1,488.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after purchasing an additional 813,311 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in FTAI Aviation by 159.1% during the 4th quarter. Wellington Management Group LLP now owns 880,084 shares of the financial services provider’s stock valued at $40,836,000 after purchasing an additional 540,379 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Price Performance

Shares of FTAI opened at $126.04 on Friday. The firm has a market cap of $12.64 billion, a P/E ratio of 57.55 and a beta of 2.04. FTAI Aviation Ltd. has a 1 year low of $32.66 and a 1 year high of $132.94. The company has a 50 day simple moving average of $115.55 and a two-hundred day simple moving average of $92.68.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14). The company had revenue of $443.59 million for the quarter, compared to analysts’ expectations of $361.92 million. FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. On average, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.13 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.95%. The ex-dividend date was Monday, August 12th. FTAI Aviation’s dividend payout ratio is presently 54.79%.

Analyst Ratings Changes

Several brokerages have recently issued reports on FTAI. Royal Bank of Canada upped their target price on shares of FTAI Aviation from $120.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Friday, August 2nd. BTIG Research initiated coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They set a “buy” rating and a $140.00 price objective on the stock. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $69.00 to $132.00 in a report on Friday, July 26th. Finally, Barclays boosted their price target on FTAI Aviation from $80.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.09.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy 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.