SG Americas Securities LLC Sells 3,810 Shares of FTAI Aviation Ltd. $FTAI

SG Americas Securities LLC lowered its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 43.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,901 shares of the financial services provider’s stock after selling 3,810 shares during the quarter. SG Americas Securities LLC’s holdings in FTAI Aviation were worth $818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FTAI. Ensign Peak Advisors Inc raised its position in shares of FTAI Aviation by 67.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after buying an additional 1,238,294 shares in the last quarter. Norges Bank bought a new stake in FTAI Aviation during the second quarter worth approximately $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in FTAI Aviation by 1,678.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,140,542 shares of the financial services provider’s stock valued at $131,208,000 after purchasing an additional 1,076,416 shares during the period. Northern Right Capital Management L.P. lifted its stake in shares of FTAI Aviation by 884.1% in the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after purchasing an additional 795,675 shares during the last quarter. Finally, Rubric Capital Management LP lifted its stake in shares of FTAI Aviation by 28.3% in the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after purchasing an additional 749,080 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

Insider Transactions at FTAI Aviation

In other news, COO David Moreno acquired 4,354 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average price of $153.89 per share, with a total value of $670,037.06. Following the completion of the purchase, the chief operating officer directly owned 4,354 shares in the company, valued at $670,037.06. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

FTAI Aviation Trading Up 2.4%

NASDAQ FTAI opened at $280.24 on Wednesday. The company’s 50-day moving average price is $191.26 and its 200-day moving average price is $166.23. The stock has a market cap of $28.74 billion, a PE ratio of 63.98 and a beta of 1.54. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $281.12.

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

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were issued a $0.35 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.5%. FTAI Aviation’s payout ratio is presently 31.96%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FTAI shares. Weiss Ratings reissued a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Jones Trading assumed coverage on shares of FTAI Aviation in a research note on Friday, October 10th. They set a “buy” rating and a $306.00 price objective for the company. BTIG Research reissued a “buy” rating and issued a $230.00 target price on shares of FTAI Aviation in a research note on Tuesday, December 30th. Wolfe Research restated an “outperform” rating and issued a $225.00 target price on shares of FTAI Aviation in a report on Wednesday, December 31st. Finally, Morgan Stanley upped their price target on shares of FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $226.88.

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.