Two Seas Capital LP Lowers Stock Position in FTAI Aviation Ltd. $FTAI

Two Seas Capital LP lessened its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 30.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 186,209 shares of the financial services provider’s stock after selling 83,392 shares during the quarter. FTAI Aviation makes up 0.8% of Two Seas Capital LP’s investment portfolio, making the stock its 17th largest position. Two Seas Capital LP’s holdings in FTAI Aviation were worth $36,655,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FTAI. First Horizon Corp grew its holdings in shares of FTAI Aviation by 131.9% in the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 182 shares during the period. Covestor Ltd grew its holdings in shares of FTAI Aviation by 338.6% in the 4th quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 298 shares during the period. Rossby Financial LCC grew its holdings in shares of FTAI Aviation by 13.6% in the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of FTAI Aviation by 88.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 227 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of FTAI Aviation by 11.0% in the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

FTAI stock opened at $234.05 on Friday. FTAI Aviation Ltd. has a 1 year low of $108.47 and a 1 year high of $323.51. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. The stock’s 50 day moving average price is $248.70 and its 200 day moving average price is $238.06. The firm has a market cap of $24.01 billion, a P/E ratio of 46.44, a PEG ratio of 1.01 and a beta of 1.47.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.32). The business had revenue of $830.70 million during the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business’s revenue was up 65.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. On average, sell-side analysts expect that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were issued a $0.45 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 annualized dividend and a yield of 0.8%. FTAI Aviation’s payout ratio is 31.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FTAI shares. Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. BTIG Research upped their price target on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Jefferies Financial Group restated a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a report on Sunday, May 3rd. Weiss Ratings cut FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley restated an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average price target of $326.88.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares in the company, valued at approximately $764,716.68. The trade was a 7.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Martin Tuchman sold 143,584 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $242.44, for a total value of $34,810,504.96. Following the completion of the transaction, the director owned 236,302 shares of the company’s stock, valued at $57,289,056.88. This trade represents a 37.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 254,515 shares of company stock valued at $61,599,445 over the last quarter. 1.35% of the stock is currently owned by insiders.

FTAI Aviation Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.