Oaktree Capital Management LP Takes $97.64 Million Position in FTAI Aviation Ltd. $FTAI

Oaktree Capital Management LP bought a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 585,175 shares of the financial services provider’s stock, valued at approximately $97,642,000. FTAI Aviation makes up about 0.8% of Oaktree Capital Management LP’s investment portfolio, making the stock its 13th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 acquiring an additional 65 shares during the last quarter. Assetmark Inc. increased 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 purchasing an additional 70 shares during the last quarter. CWM LLC raised its holdings 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 purchasing an additional 74 shares during the period. Brookstone Capital Management raised its holdings 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 purchasing an additional 75 shares during the period. Finally, Foundations Investment Advisors LLC lifted its stake 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 valued at $374,000 after purchasing an additional 76 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FTAI has been the topic of a number of recent analyst reports. Wolfe Research reissued an “outperform” rating and set a $225.00 price target on shares of FTAI Aviation in a research report on Wednesday, December 31st. Barclays raised their price objective on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Morgan Stanley boosted 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. Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Finally, BTIG Research increased their price target on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Friday. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average target price of $292.78.

FTAI Aviation Stock Performance

FTAI Aviation stock traded down $1.54 during trading hours on Friday, hitting $235.61. The company had a trading volume of 121,703 shares, compared to its average volume of 1,881,423. The firm has a 50-day moving average of $272.27 and a 200 day moving average of $204.90. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30. The firm has a market cap of $24.17 billion, a PE ratio of 51.00, a PEG ratio of 1.05 and a beta of 1.50. FTAI Aviation Ltd. has a one year low of $81.45 and a one year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The firm had revenue of $662.03 million for the quarter, compared to the consensus estimate of $710.37 million. During the same quarter in the prior year, the firm earned $0.84 EPS. The company’s revenue was up 32.7% on a year-over-year basis. On average, sell-side analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 13th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 13th. FTAI Aviation’s dividend payout ratio is currently 30.30%.

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.