King Luther Capital Management Corp Increases Holdings in FTAI Aviation Ltd. $FTAI

King Luther Capital Management Corp lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 21.5% in the third quarter, HoldingsChannel reports. The fund owned 496,189 shares of the financial services provider’s stock after acquiring an additional 87,725 shares during the period. King Luther Capital Management Corp’s holdings in FTAI Aviation were worth $82,794,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. LDR Capital Management LLC purchased a new stake in shares of FTAI Aviation during the third quarter valued at about $1,102,000. Diversified Trust Co acquired a new stake in FTAI Aviation in the 3rd quarter worth approximately $2,846,000. Asset Management One Co. Ltd. purchased a new stake in FTAI Aviation during the 3rd quarter worth approximately $2,056,000. Hiddenite Capital Partners LP increased its stake in FTAI Aviation by 12.9% during the 3rd quarter. Hiddenite Capital Partners LP now owns 79,000 shares of the financial services provider’s stock valued at $13,182,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Red Door Wealth Management LLC acquired a new position in FTAI Aviation during the 3rd quarter valued at approximately $1,471,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $287.16 on Thursday. FTAI Aviation Ltd. has a 12 month low of $81.45 and a 12 month high of $310.00. The business has a 50-day moving average of $238.18 and a 200 day moving average of $189.55. The stock has a market capitalization of $29.45 billion, a price-to-earnings ratio of 65.56 and a beta of 1.53.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FTAI. Royal Bank Of Canada increased their price objective on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Jefferies Financial Group reissued a “buy” rating and set a $350.00 price target on shares of FTAI Aviation in a research report on Monday, February 9th. BTIG Research upped their price objective on shares of FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Barclays increased their price objective 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. Finally, Citizens Jmp boosted their price target on FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a report on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $282.22.

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.