NJ State Employees Deferred Compensation Plan Sells 5,100 Shares of FTAI Aviation Ltd. $FTAI

NJ State Employees Deferred Compensation Plan decreased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 14.2% during the third quarter, Holdings Channel reports. The fund owned 30,900 shares of the financial services provider’s stock after selling 5,100 shares during the period. NJ State Employees Deferred Compensation Plan’s holdings in FTAI Aviation were worth $5,156,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. GSA Capital Partners LLP bought a new stake in FTAI Aviation during the third quarter worth about $452,000. Merit Financial Group LLC boosted its position in shares of FTAI Aviation by 5.1% in the 3rd quarter. Merit Financial Group LLC now owns 4,578 shares of the financial services provider’s stock worth $764,000 after purchasing an additional 223 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of FTAI Aviation by 396.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock worth $138,730,000 after buying an additional 664,037 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of FTAI Aviation by 1.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 35,912 shares of the financial services provider’s stock worth $5,992,000 after buying an additional 605 shares during the last quarter. Finally, Assetmark Inc. increased its position in FTAI Aviation by 11.0% during the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after buying an additional 70 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Up 1.8%

FTAI opened at $279.85 on Tuesday. The stock has a market capitalization of $28.70 billion, a price-to-earnings ratio of 63.89 and a beta of 1.53. The firm has a 50 day moving average price of $233.98 and a 200-day moving average price of $187.82. FTAI Aviation Ltd. has a twelve month low of $81.45 and a twelve month high of $310.00.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FTAI. Citizens Jmp increased their target price on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 29th. Barclays upped their target price on shares of FTAI Aviation from $200.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Wall Street Zen lowered shares of FTAI Aviation from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $350.00 target price on shares of FTAI Aviation in a research note on Monday, February 9th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $274.50.

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.