FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 99.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,244 shares of the financial services provider’s stock after selling 239,381 shares during the period. Nisa Investment Advisors LLC’s holdings in FTAI Aviation were worth $298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Motiv8 Investments LLC purchased a new stake in FTAI Aviation during the 3rd quarter worth $225,000. Clear Harbor Asset Management LLC grew its stake in shares of FTAI Aviation by 1.4% during the third quarter. Clear Harbor Asset Management LLC now owns 24,575 shares of the financial services provider’s stock valued at $3,266,000 after acquiring an additional 350 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of FTAI Aviation by 14,553.9% during the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock worth $74,959,000 after acquiring an additional 560,179 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of FTAI Aviation by 5.8% in the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock worth $352,000 after acquiring an additional 145 shares in the last quarter. Finally, Net Worth Advisory Group purchased a new position in FTAI Aviation in the third quarter valued at about $269,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Up 7.1 %

FTAI opened at $149.02 on Thursday. The company’s 50-day moving average price is $133.26 and its 200 day moving average price is $107.77. FTAI Aviation Ltd. has a fifty-two week low of $39.52 and a fifty-two week high of $149.74. The firm has a market cap of $15.23 billion, a price-to-earnings ratio of 56.84 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The company had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The firm’s revenue for the quarter was up 60.0% compared to the same quarter last year. Research analysts anticipate that FTAI Aviation Ltd. will post 2.17 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is -1,199.88%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup lifted their price objective on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research note on Friday, November 1st. Benchmark increased their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BTIG Research initiated coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 target price for the company. Finally, Wolfe Research lowered shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.09.

FTAI Aviation Profile

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.