Clear Harbor Asset Management LLC Sells 2,500 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Clear Harbor Asset Management LLC reduced its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,075 shares of the financial services provider’s stock after selling 2,500 shares during the period. Clear Harbor Asset Management LLC’s holdings in FTAI Aviation were worth $3,180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in FTAI Aviation in the 3rd quarter valued at $26,000. Anchor Investment Management LLC bought a new position in shares of FTAI Aviation in the third quarter valued at $31,000. Farther Finance Advisors LLC lifted its stake in shares of FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after buying an additional 189 shares in the last quarter. USA Financial Formulas acquired a new position in shares of FTAI Aviation during the fourth quarter valued at about $93,000. Finally, Raymond James Trust N.A. bought a new stake in shares of FTAI Aviation during the third quarter worth about $200,000. 88.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Benchmark lifted their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus increased their target price on shares of FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Citigroup boosted their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $177.33.

FTAI Aviation Stock Down 6.4 %

FTAI opened at $112.38 on Tuesday. The business’s fifty day simple moving average is $149.45 and its 200 day simple moving average is $132.67. FTAI Aviation Ltd. has a 52 week low of $48.63 and a 52 week high of $181.64. The stock has a market cap of $11.52 billion, a PE ratio of 46.44 and a beta of 2.09.

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

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 1.07%. FTAI Aviation’s payout ratio is currently -1,199.88%.

FTAI Aviation Company 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.