FTAI Aviation Ltd. (NYSE:FTAI) is Beck Capital Management LLC’s 5th Largest Position

Beck Capital Management LLC cut its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 18.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,662 shares of the financial services provider’s stock after selling 16,010 shares during the period. FTAI Aviation accounts for 2.5% of Beck Capital Management LLC’s holdings, making the stock its 5th biggest position. Beck Capital Management LLC owned about 0.07% of FTAI Aviation worth $9,391,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of FTAI Aviation by 1,923.5% in the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after buying an additional 924,730 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in shares of FTAI Aviation by 87.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after buying an additional 773,017 shares in the last quarter. International Assets Investment Management LLC grew its stake in FTAI Aviation by 14,553.9% in the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after acquiring an additional 560,179 shares during the period. Victory Capital Management Inc. increased its holdings in FTAI Aviation by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock worth $50,530,000 after acquiring an additional 264,971 shares in the last quarter. Finally, Vantage Investment Partners LLC acquired a new position in FTAI Aviation during the third quarter worth $32,769,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Up 2.1 %

Shares of FTAI opened at $168.82 on Monday. FTAI Aviation Ltd. has a 52-week low of $40.29 and a 52-week high of $177.18. The stock has a fifty day simple moving average of $148.35 and a two-hundred day simple moving average of $118.74. The company has a market capitalization of $17.31 billion, a PE ratio of -1,688.03 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. FTAI Aviation’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 earnings per share. As a group, equities analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is presently -1,199.88%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FTAI shares. Barclays lifted their target price on shares of FTAI Aviation from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Benchmark boosted their price objective on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. BTIG Research assumed coverage on FTAI Aviation in a research note on Monday, August 26th. They issued a “buy” rating and a $140.00 price target on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $162.09.

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.