FTAI Aviation Ltd. $FTAI Shares Sold by Royce & Associates LP

Royce & Associates LP cut its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 14.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 283,340 shares of the financial services provider’s stock after selling 47,019 shares during the period. Royce & Associates LP owned approximately 0.28% of FTAI Aviation worth $47,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rossby Financial LCC boosted its position in FTAI Aviation by 13.6% during the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 65 shares in the last quarter. Assetmark Inc. raised its stake 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 raised its stake in shares of FTAI Aviation by 6.8% during the 3rd quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock worth $193,000 after buying an additional 74 shares during the period. Brookstone Capital Management lifted its position in shares of FTAI Aviation by 2.5% during the 3rd quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider’s stock valued at $515,000 after buying an additional 75 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in 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 worth $374,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Down 1.4%

FTAI opened at $305.80 on Friday. FTAI Aviation Ltd. has a twelve month low of $81.45 and a twelve month high of $323.51. The firm has a market capitalization of $31.37 billion, a PE ratio of 66.19 and a beta of 1.53. The firm’s 50-day moving average price is $255.98 and its 200 day moving average price is $197.33.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $662.03 million during the quarter, compared to analysts’ expectations of $710.37 million. FTAI Aviation had a return on equity of 337.39% and a net margin of 19.98%.The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the business earned $0.84 earnings per share. As a group, analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BTIG Research upped their price objective on shares of FTAI Aviation from $230.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Citizens Jmp boosted their price objective on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada raised their target price on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $292.22.

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.