Fox Run Management L.L.C. Buys New Position in FTAI Aviation Ltd. $FTAI

Fox Run Management L.L.C. purchased a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,527 shares of the financial services provider’s stock, valued at approximately $1,901,000.

A number of other large investors have also modified their holdings of the business. Virtus Advisers LLC purchased a new position in shares of FTAI Aviation in the 1st quarter valued at approximately $29,000. Parallel Advisors LLC increased its stake in FTAI Aviation by 78.5% during the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in FTAI Aviation during the 1st quarter valued at approximately $53,000. Armstrong Advisory Group Inc. purchased a new position in shares of FTAI Aviation in the second quarter worth $60,000. Finally, Assetmark Inc. lifted its stake in shares of FTAI Aviation by 15.8% during the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after buying an additional 87 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on FTAI. Jones Trading began coverage on FTAI Aviation in a research report on Friday, October 10th. They issued a “buy” rating and a $306.00 target price on the stock. Morgan Stanley boosted their price target on FTAI Aviation from $138.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. BTIG Research reissued a “buy” rating and issued a $230.00 price objective on shares of FTAI Aviation in a report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FTAI Aviation in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada upped their target price on FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, FTAI Aviation has an average rating of “Buy” and an average target price of $201.11.

FTAI Aviation Stock Up 1.1%

Shares of FTAI opened at $164.00 on Friday. The company has a market capitalization of $16.82 billion, a price-to-earnings ratio of 37.44 and a beta of 1.67. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $194.36. The stock’s 50-day moving average price is $169.94 and its 200-day moving average price is $138.75.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The company had revenue of $667.06 million for the quarter, compared to analysts’ expectations of $662.51 million. During the same quarter in the prior year, the business posted $0.76 earnings per share. The firm’s revenue was up 43.2% compared to the same quarter last year. As a group, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 10th will be paid a $0.35 dividend. The ex-dividend date is Monday, November 10th. FTAI Aviation’s payout ratio is currently 27.40%.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.