Teachers Retirement System of The State of Kentucky Increases Position in FTAI Infrastructure Inc. $FIP

Teachers Retirement System of The State of Kentucky lifted its stake in FTAI Infrastructure Inc. (NASDAQ:FIP) by 43.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 433,930 shares of the company’s stock after purchasing an additional 131,521 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in FTAI Infrastructure were worth $2,144,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC grew its position in FTAI Infrastructure by 6,941.7% during the fourth quarter. Larson Financial Group LLC now owns 8,098 shares of the company’s stock worth $37,000 after buying an additional 7,983 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of FTAI Infrastructure during the 2nd quarter valued at approximately $55,000. Russell Investments Group Ltd. boosted its stake in shares of FTAI Infrastructure by 12,129.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company’s stock worth $40,000 after acquiring an additional 9,097 shares in the last quarter. Xponance LLC purchased a new stake in shares of FTAI Infrastructure during the 4th quarter worth approximately $47,000. Finally, Brown Advisory Inc. acquired a new stake in shares of FTAI Infrastructure in the 2nd quarter worth approximately $63,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Insider Buying and Selling

In other FTAI Infrastructure news, CFO Carl Russell Iv Fletcher acquired 10,000 shares of the stock in a transaction dated Thursday, May 28th. The stock was acquired at an average price of $4.58 per share, with a total value of $45,800.00. Following the completion of the transaction, the chief financial officer directly owned 40,000 shares in the company, valued at approximately $183,200. This trade represents a 33.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FIP shares. Compass Point set a $12.00 price objective on FTAI Infrastructure in a research note on Tuesday, June 30th. Wall Street Zen upgraded FTAI Infrastructure from a “strong sell” rating to a “sell” rating in a research report on Sunday. JonesTrading started coverage on FTAI Infrastructure in a report on Wednesday, July 1st. They issued a “buy” rating and a $8.75 target price on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a research report on Friday, June 12th. Finally, BTIG Research cut their price target on FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.92.

FTAI Infrastructure Stock Down 0.7%

Shares of NASDAQ:FIP opened at $4.46 on Wednesday. FTAI Infrastructure Inc. has a 52-week low of $3.90 and a 52-week high of $7.93. The stock’s fifty day simple moving average is $4.59 and its 200-day simple moving average is $5.20. The company has a market capitalization of $526.99 million, a P/E ratio of -0.99 and a beta of 1.76.

FTAI Infrastructure (NASDAQ:FIP) last released its earnings results on Thursday, May 7th. The company reported ($1.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.90). FTAI Infrastructure had a negative net margin of 68.58% and a negative return on equity of 147.01%. The firm had revenue of $188.36 million during the quarter, compared to analysts’ expectations of $182.41 million. The business’s revenue for the quarter was up 95.8% on a year-over-year basis.

FTAI Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, May 18th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, May 18th. FTAI Infrastructure’s payout ratio is presently -2.66%.

FTAI Infrastructure 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.