FTAI Infrastructure Inc. $FIP is American Assets Capital Advisers LLC’s 5th Largest Position

American Assets Capital Advisers LLC lessened its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP) by 27.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,287,999 shares of the company’s stock after selling 478,696 shares during the quarter. FTAI Infrastructure makes up 5.9% of American Assets Capital Advisers LLC’s holdings, making the stock its 5th largest holding. American Assets Capital Advisers LLC owned about 1.12% of FTAI Infrastructure worth $5,616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FIP. FNY Investment Advisers LLC bought a new position in shares of FTAI Infrastructure in the second quarter worth about $41,000. Optas LLC bought a new position in FTAI Infrastructure in the 3rd quarter worth about $44,000. Lazard Asset Management LLC purchased a new position in shares of FTAI Infrastructure during the second quarter worth approximately $55,000. Bessemer Group Inc. raised its stake in shares of FTAI Infrastructure by 14,492.8% during the second quarter. Bessemer Group Inc. now owns 10,069 shares of the company’s stock valued at $62,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of FTAI Infrastructure in the second quarter valued at approximately $63,000. 87.43% of the stock is currently owned by institutional investors.

FTAI Infrastructure Trading Down 0.3%

Shares of NASDAQ FIP opened at $5.80 on Tuesday. FTAI Infrastructure Inc. has a 1-year low of $3.10 and a 1-year high of $7.93. The business has a fifty day moving average price of $5.09 and a 200 day moving average price of $5.12. The stock has a market capitalization of $674.48 million, a P/E ratio of -2.36 and a beta of 1.86. The company has a debt-to-equity ratio of 110.28, a current ratio of 0.25 and a quick ratio of 0.25.

Analyst Ratings Changes

FIP has been the topic of several research reports. BTIG Research raised their price objective on FTAI Infrastructure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings restated a “sell (d-)” rating on shares of FTAI Infrastructure in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.00.

About FTAI Infrastructure

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.