UBS Group AG Cuts Stock Holdings in FTAI Infrastructure Inc. $FIP

UBS Group AG lowered its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 25.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 703,612 shares of the company’s stock after selling 236,725 shares during the period. UBS Group AG’s holdings in FTAI Infrastructure were worth $3,244,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky purchased a new position in FTAI Infrastructure during the fourth quarter worth approximately $1,394,000. ICG Advisors LLC purchased a new position in FTAI Infrastructure during the fourth quarter worth approximately $216,000. Merit Financial Group LLC raised its stake in FTAI Infrastructure by 21.3% during the fourth quarter. Merit Financial Group LLC now owns 15,858 shares of the company’s stock worth $73,000 after purchasing an additional 2,787 shares during the period. JPMorgan Chase & Co. raised its stake in FTAI Infrastructure by 31.4% during the third quarter. JPMorgan Chase & Co. now owns 73,486 shares of the company’s stock worth $320,000 after purchasing an additional 17,569 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new position in FTAI Infrastructure during the third quarter worth approximately $50,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Wall Street Analysts Forecast Growth

FIP has been the topic of a number of recent analyst reports. BTIG Research cut their price target on shares of FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Wall Street Zen lowered shares of FTAI Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.00.

FTAI Infrastructure Price Performance

FTAI Infrastructure stock opened at $4.51 on Monday. FTAI Infrastructure Inc. has a 52-week low of $3.90 and a 52-week high of $7.93. The firm has a fifty day moving average of $5.15 and a 200-day moving average of $5.22. The firm has a market capitalization of $532.92 million, a P/E ratio of -1.00 and a beta of 1.96. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 110.28.

FTAI Infrastructure (NASDAQ:FIP) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.90). FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 68.58%.The business had revenue of $188.36 million during the quarter, compared to analyst estimates of $182.41 million. FTAI Infrastructure’s quarterly revenue was up 95.8% compared to the same quarter last year.

FTAI Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, May 18th will be given a $0.03 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.12 annualized dividend and a dividend yield of 2.7%. FTAI Infrastructure’s dividend payout ratio is presently -2.66%.

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.