Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the owning and acquisition of infrastructure and equipment for leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, United States. “

A number of other analysts also recently issued reports on FTAI. JMP Securities reissued a “buy” rating and set a $18.00 target price on shares of Fortress Transportation and Infrastructure Investors in a research report on Thursday, June 16th. TheStreet raised shares of Fortress Transportation and Infrastructure Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Citigroup Inc. increased their price objective on shares of Fortress Transportation and Infrastructure Investors from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, August 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Fortress Transportation and Infrastructure Investors has an average rating of “Buy” and a consensus target price of $16.33.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) opened at 12.38 on Wednesday. Fortress Transportation and Infrastructure Investors has a 1-year low of $8.65 and a 1-year high of $15.27. The stock has a 50 day moving average of $11.91 and a 200 day moving average of $10.69. The stock’s market capitalization is $937.79 million.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.05. The business had revenue of $33.20 million for the quarter, compared to analyst estimates of $36.83 million. Fortress Transportation and Infrastructure Investors had a negative return on equity of 1.17% and a negative net margin of 24.99%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.02 EPS. On average, analysts expect that Fortress Transportation and Infrastructure Investors will post ($0.20) earnings per share for the current year.

In related news, Director Paul R. Goodwin purchased 18,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was acquired at an average price of $11.85 per share, with a total value of $213,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph P. Jr. Adams purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were bought at an average cost of $11.95 per share, with a total value of $119,500.00. Following the transaction, the chief executive officer now directly owns 154,828 shares of the company’s stock, valued at approximately $1,850,194.60. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FTAI. State Treasurer State of Michigan increased its stake in Fortress Transportation and Infrastructure Investors by 22.8% in the second quarter. State Treasurer State of Michigan now owns 3,776,923 shares of the company’s stock worth $34,710,000 after buying an additional 700,000 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Fortress Transportation and Infrastructure Investors by 13.4% in the second quarter. Ameriprise Financial Inc. now owns 661,825 shares of the company’s stock worth $6,083,000 after buying an additional 78,407 shares during the last quarter. Telemus Capital LLC increased its stake in Fortress Transportation and Infrastructure Investors by 26.4% in the third quarter. Telemus Capital LLC now owns 520,548 shares of the company’s stock worth $6,512,000 after buying an additional 108,884 shares during the last quarter. Avenir Corp increased its stake in Fortress Transportation and Infrastructure Investors by 15.1% in the second quarter. Avenir Corp now owns 134,090 shares of the company’s stock worth $1,232,000 after buying an additional 17,550 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Fortress Transportation and Infrastructure Investors during the first quarter worth $1,302,000. 24.69% of the stock is owned by institutional investors and hedge funds.

About Fortress Transportation and Infrastructure Investors

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