Harbor Advisors LLC trimmed its stake in Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) by 0.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,731 shares of the financial services provider’s stock after selling 100 shares during the quarter. Fortress Transportation and Infrastructure Investors accounts for 0.7% of Harbor Advisors LLC’s portfolio, making the stock its 19th biggest holding. Harbor Advisors LLC owned about 0.14% of Fortress Transportation and Infrastructure Investors worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Global X Management Co. LLC purchased a new stake in shares of Fortress Transportation and Infrastructure Investors in the first quarter worth $7,486,000. Wells Fargo & Company MN increased its holdings in shares of Fortress Transportation and Infrastructure Investors by 67.7% during the first quarter. Wells Fargo & Company MN now owns 28,678 shares of the financial services provider’s stock valued at $428,000 after acquiring an additional 11,578 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Fortress Transportation and Infrastructure Investors by 94.2% during the second quarter. Russell Investments Group Ltd. now owns 273,800 shares of the financial services provider’s stock valued at $4,364,000 after acquiring an additional 132,829 shares in the last quarter. Bellwether Investment Group LLC bought a new position in shares of Fortress Transportation and Infrastructure Investors during the first quarter valued at $157,000. Finally, Whittier Trust Co. increased its holdings in shares of Fortress Transportation and Infrastructure Investors by 1.8% during the second quarter. Whittier Trust Co. now owns 110,348 shares of the financial services provider’s stock valued at $1,759,000 after acquiring an additional 1,967 shares in the last quarter. 26.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) traded down 1.32% during midday trading on Tuesday, hitting $17.89. 25,332 shares of the company traded hands. Fortress Transportation and Infrastructure Investors LLC has a 52 week low of $11.35 and a 52 week high of $18.18. The stock’s market capitalization is $1.36 billion. The company has a 50-day moving average price of $17.82 and a 200-day moving average price of $17.82.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). The business had revenue of $51.20 million for the quarter, compared to analysts’ expectations of $52.36 million. Fortress Transportation and Infrastructure Investors had a positive return on equity of 0.27% and a negative net margin of 4.98%. Fortress Transportation and Infrastructure Investors’s revenue was up 54.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS. Analysts anticipate that Fortress Transportation and Infrastructure Investors LLC will post $0.17 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on FTAI shares. BidaskClub raised Fortress Transportation and Infrastructure Investors from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. TheStreet upgraded shares of Fortress Transportation and Infrastructure Investors from a “c” rating to a “b-” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research downgraded shares of Fortress Transportation and Infrastructure Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $17.83.

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About Fortress Transportation and Infrastructure Investors

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company operates through five segments Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad.

Institutional Ownership by Quarter for Fortress Transportation and Infrastructure Investors (NYSE:FTAI)

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