Mount Lucas Management LP Makes New $1.34 Million Investment in FTAI Aviation Ltd. $FTAI

Mount Lucas Management LP purchased a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,000 shares of the financial services provider’s stock, valued at approximately $1,335,000.

A number of other institutional investors have also made changes to their positions in the stock. Rossby Financial LCC lifted its stake in FTAI Aviation by 13.6% in the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after buying an additional 65 shares during the period. Assetmark Inc. grew its position in shares of FTAI Aviation by 11.0% during the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock worth $118,000 after buying an additional 70 shares during the period. CWM LLC increased its stake in shares of FTAI Aviation by 6.8% in the 3rd quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock valued at $193,000 after acquiring an additional 74 shares during the last quarter. Brookstone Capital Management raised its position in shares of FTAI Aviation by 2.5% in the 3rd quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider’s stock valued at $515,000 after acquiring an additional 75 shares during the period. Finally, Foundations Investment Advisors LLC raised its position in shares of FTAI Aviation by 3.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 76 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Trading Up 6.9%

FTAI opened at $303.93 on Wednesday. The stock has a market capitalization of $31.17 billion, a P/E ratio of 69.39 and a beta of 1.53. FTAI Aviation Ltd. has a 12 month low of $81.45 and a 12 month high of $310.00. The firm’s fifty day simple moving average is $247.55 and its 200 day simple moving average is $194.23.

Analysts Set New Price Targets

FTAI has been the subject of several recent analyst reports. Royal Bank Of Canada upped their target price on shares of FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Morgan Stanley lifted their target price on FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Barclays boosted their target price on FTAI Aviation from $200.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $225.00 price target on shares of FTAI Aviation in a research report on Wednesday, December 31st. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $282.22.

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.