Fortress Transportation and Infrastructure Investors (NYSE:FTAI) Downgraded to “Hold” at Zacks Investment Research

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, May 9th.

According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the owning and acquisition of infrastructure and equipment for leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, United States. “

Separately, Alembic Global Advisors set a $22.00 price objective on shares of Fortress Transportation and Infrastructure Investors and gave the company a “buy” rating in a research report on Monday, March 5th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $20.67.

Fortress Transportation and Infrastructure Investors traded up $0.01, reaching $16.53, during mid-day trading on Wednesday, MarketBeat Ratings reports. 533,122 shares of the stock traded hands, compared to its average volume of 153,503. Fortress Transportation and Infrastructure Investors has a one year low of $15.45 and a one year high of $20.13. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 137.75 and a beta of 1.55.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last posted its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.07). Fortress Transportation and Infrastructure Investors had a return on equity of 1.14% and a net margin of 1.64%. The company had revenue of $68.80 million during the quarter, compared to the consensus estimate of $73.18 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 53.9% on a year-over-year basis. equities research analysts forecast that Fortress Transportation and Infrastructure Investors will post 0.5 earnings per share for the current fiscal year.

In other news, Director Paul R. Goodwin acquired 7,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were bought at an average price of $16.44 per share, for a total transaction of $115,080.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Joseph P. Jr. Adams acquired 20,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was purchased at an average price of $16.47 per share, for a total transaction of $329,400.00. Following the acquisition, the chief executive officer now directly owns 174,828 shares in the company, valued at approximately $2,879,417.16. The disclosure for this purchase can be found here. 0.87% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP raised its holdings in shares of Fortress Transportation and Infrastructure Investors by 170.0% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 27,000 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 17,000 shares during the period. UBS Group AG raised its holdings in shares of Fortress Transportation and Infrastructure Investors by 2.5% during the 1st quarter. UBS Group AG now owns 141,782 shares of the financial services provider’s stock worth $2,261,000 after acquiring an additional 3,458 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Fortress Transportation and Infrastructure Investors during the 1st quarter worth about $2,320,000. BB&T Securities LLC increased its position in shares of Fortress Transportation and Infrastructure Investors by 6.6% during the 1st quarter. BB&T Securities LLC now owns 154,275 shares of the financial services provider’s stock worth $2,460,000 after purchasing an additional 9,534 shares during the last quarter. Finally, Bard Associates Inc. increased its position in shares of Fortress Transportation and Infrastructure Investors by 23.2% during the 1st quarter. Bard Associates Inc. now owns 24,854 shares of the financial services provider’s stock worth $396,000 after purchasing an additional 4,675 shares during the last quarter. Institutional investors and hedge funds own 28.96% of the company’s stock.

About Fortress Transportation and Infrastructure Investors

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

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