Rubric Capital Management LP Sells 1,123,814 Shares of FTAI Aviation Ltd. $FTAI

Rubric Capital Management LP lessened its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 30.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,576,186 shares of the financial services provider’s stock after selling 1,123,814 shares during the period. FTAI Aviation accounts for 6.7% of Rubric Capital Management LP’s holdings, making the stock its 2nd biggest position. Rubric Capital Management LP’s holdings in FTAI Aviation were worth $631,166,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Root Financial Partners LLC lifted its holdings in FTAI Aviation by 40.9% during the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 45 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of FTAI Aviation by 1.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock valued at $877,000 after purchasing an additional 52 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of FTAI Aviation by 0.9% in the fourth quarter. MetLife Investment Management LLC now owns 6,578 shares of the financial services provider’s stock valued at $1,295,000 after purchasing an additional 57 shares during the period. SJS Investment Consulting Inc. raised its position in shares of FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 59 shares during the period. Finally, Compound Planning Inc. lifted its stake in shares of FTAI Aviation by 2.7% during the 1st quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock worth $560,000 after buying an additional 60 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings raised shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Morgan Stanley reissued an “overweight” rating and issued a $319.00 price target on shares of FTAI Aviation in a report on Friday, May 8th. BTIG Research raised their price objective on shares of FTAI Aviation from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a research report on Sunday, May 3rd. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus target price of $334.38.

Insider Activity

In other FTAI Aviation news, Director Martin Tuchman sold 67,500 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the transaction, the director owned 210,491 shares in the company, valued at $50,936,717.09. This represents a 24.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the transaction, the director directly owned 3,012 shares in the company, valued at $764,716.68. This represents a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 254,515 shares of company stock valued at $61,599,445 in the last quarter. Corporate insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Down 0.8%

FTAI opened at $214.15 on Tuesday. FTAI Aviation Ltd. has a fifty-two week low of $113.43 and a fifty-two week high of $323.51. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. The company has a market capitalization of $21.97 billion, a P/E ratio of 42.49, a P/E/G ratio of 0.87 and a beta of 1.46. The stock has a fifty day moving average of $241.77 and a 200-day moving average of $254.48.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business had revenue of $830.70 million during the quarter. During the same period in the previous year, the firm posted $0.87 earnings per share. The business’s revenue for the quarter was up 65.4% compared to the same quarter last year. On average, equities analysts expect that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

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.