FTAI Aviation Ltd. $FTAI is Manchester Capital Management LLC’s 6th Largest Position

Manchester Capital Management LLC lessened its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,950 shares of the financial services provider’s stock after selling 6,090 shares during the period. FTAI Aviation accounts for approximately 2.7% of Manchester Capital Management LLC’s investment portfolio, making the stock its 6th biggest position. Manchester Capital Management LLC’s holdings in FTAI Aviation were worth $19,872,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FTAI. Capital World Investors grew its stake in FTAI Aviation by 41.1% during the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after acquiring an additional 2,596,265 shares in the last quarter. Norges Bank purchased a new stake in FTAI Aviation during the 4th quarter valued at about $262,393,000. Northern Right Capital Management L.P. grew its stake in FTAI Aviation by 884.1% during the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after acquiring an additional 795,675 shares in the last quarter. Rubric Capital Management LP grew its stake in FTAI Aviation by 28.3% during the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after acquiring an additional 749,080 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in FTAI Aviation by 396.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock valued at $138,730,000 after acquiring an additional 664,037 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $234.05 on Monday. The firm has a 50 day simple moving average of $248.70 and a 200-day simple moving average of $238.66. 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 current ratio of 5.24 and a quick ratio of 2.48. The stock has a market cap of $24.01 billion, a price-to-earnings ratio of 46.44, a price-to-earnings-growth ratio of 0.94 and a beta of 1.47.

FTAI Aviation (NASDAQ:FTAI) last posted 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). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The firm had revenue of $830.70 million during the quarter. During the same period last year, the business posted $0.87 earnings per share. FTAI Aviation’s revenue for the quarter was up 65.4% on a year-over-year basis. On average, analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Dividend Announcement

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

Insider Activity at FTAI Aviation

In other news, Director Martin Tuchman sold 67,500 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $241.99, for a total value of $16,334,325.00. Following the completion of the sale, the director owned 210,491 shares of the company’s stock, valued at $50,936,717.09. This represents a 24.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the sale, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 254,515 shares of company stock valued at $61,599,445. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FTAI. Jefferies Financial Group reaffirmed a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a research note on Sunday, May 3rd. Weiss Ratings cut shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 27th. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a research note on Friday, May 8th. Finally, Barclays upped their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

About FTAI Aviation

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.