Clearline Capital LP Takes Position in FTAI Aviation Ltd. $FTAI

Clearline Capital LP acquired a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,491 shares of the financial services provider’s stock, valued at approximately $687,000.

Several other hedge funds have also recently made changes to their positions in FTAI. Greenline Wealth Management LLC purchased a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $50,000. First Horizon Corp raised its holdings in shares of FTAI Aviation by 131.9% during the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 182 shares during the last quarter. Covestor Ltd raised its holdings in shares of FTAI Aviation by 338.6% during the fourth quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 298 shares during the last quarter. Rossby Financial LCC raised its holdings in shares of FTAI Aviation by 13.6% during the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 65 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of FTAI Aviation by 88.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 227 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other FTAI Aviation news, Director Martin Tuchman sold 143,584 shares of the company’s stock in a transaction that occurred 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 directly owned 236,302 shares in the company, valued at $57,289,056.88. This represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 254,515 shares of company stock valued at $61,599,445. Company insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Up 3.3%

Shares of FTAI stock opened at $277.31 on Thursday. FTAI Aviation Ltd. has a 12 month low of $108.47 and a 12 month high of $323.51. The stock has a market cap of $28.45 billion, a P/E ratio of 55.02, a P/E/G ratio of 1.08 and a beta of 1.47. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The company has a 50 day simple moving average of $249.66 and a two-hundred day simple moving average of $243.44.

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

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is presently 31.75%.

FTAI Aviation Company 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.