CFM Wealth Partners LLC Trims Stock Holdings in FTAI Aviation Ltd. $FTAI

CFM Wealth Partners LLC lowered its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 34.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,447 shares of the financial services provider’s stock after selling 4,343 shares during the quarter. CFM Wealth Partners LLC’s holdings in FTAI Aviation were worth $1,409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ensign Peak Advisors Inc increased its stake in shares of FTAI Aviation by 67.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after acquiring an additional 1,238,294 shares in the last quarter. Norges Bank bought a new position in shares of FTAI Aviation during the second quarter valued at approximately $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of 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 last quarter. Northern Right Capital Management L.P. boosted its position 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 worth $101,888,000 after purchasing an additional 795,675 shares in the last quarter. Finally, Rubric Capital Management LP grew 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 worth $390,455,000 after buying an additional 749,080 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO David Moreno purchased 4,354 shares of FTAI Aviation stock in a transaction dated Thursday, November 13th. The stock was purchased at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the purchase, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at $670,037.06. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by insiders.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI opened at $288.93 on Tuesday. FTAI Aviation Ltd. has a 1 year low of $81.45 and a 1 year high of $310.00. The company has a market cap of $29.64 billion, a P/E ratio of 65.97 and a beta of 1.54. The stock’s fifty day moving average price is $202.14 and its 200-day moving average price is $171.28.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results 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 business had revenue of $667.06 million during the quarter, compared to analysts’ expectations of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.FTAI Aviation’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS. On average, sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Royal Bank Of Canada lifted their price target on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday. BTIG Research increased their price objective on shares of FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a research report on Friday. Wall Street Zen lowered shares of FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Barclays lifted their target price on shares of FTAI Aviation from $200.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average price target of $258.75.

FTAI Aviation Company Profile

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.