FTAI Infrastructure (NASDAQ:FIP) Issues Earnings Results

FTAI Infrastructure (NASDAQ:FIP) released its quarterly earnings data on Thursday. The company reported ($1.08) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.65), Zacks reports. FTAI Infrastructure had a negative net margin of 41.09% and a negative return on equity of 75.13%.

FTAI Infrastructure Stock Performance

Shares of FIP stock traded up $0.04 on Thursday, hitting $6.44. The company’s stock had a trading volume of 1,619,754 shares, compared to its average volume of 1,001,644. The company has a debt-to-equity ratio of 110.28, a quick ratio of 0.25 and a current ratio of 0.25. The stock’s 50 day moving average is $5.54 and its 200-day moving average is $5.07. FTAI Infrastructure has a fifty-two week low of $3.10 and a fifty-two week high of $7.93. The company has a market capitalization of $748.93 million, a PE ratio of -2.62 and a beta of 1.86.

Institutional Trading of FTAI Infrastructure

A number of institutional investors have recently bought and sold shares of FIP. Lazard Asset Management LLC acquired a new position in shares of FTAI Infrastructure during the 2nd quarter worth approximately $55,000. Russell Investments Group Ltd. boosted its stake in shares of FTAI Infrastructure by 12,129.3% in the third quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company’s stock valued at $40,000 after buying an additional 9,097 shares during the period. Xponance LLC acquired a new stake in FTAI Infrastructure during the fourth quarter worth approximately $47,000. Brown Advisory Inc. acquired a new stake in FTAI Infrastructure during the second quarter worth approximately $63,000. Finally, CIBC Bancorp USA Inc. bought a new position in FTAI Infrastructure during the 3rd quarter worth $50,000. Institutional investors own 87.43% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on FIP shares. BTIG Research lifted their target price on shares of FTAI Infrastructure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings restated a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, FTAI Infrastructure currently has a consensus rating of “Hold” and an average target price of $11.00.

FTAI Infrastructure Company Profile

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.