Vanguard Group Inc. Lowers Position in FTAI Aviation Ltd. $FTAI

Vanguard Group Inc. trimmed its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,965,865 shares of the financial services provider’s stock after selling 73,893 shares during the period. Vanguard Group Inc. owned about 9.72% of FTAI Aviation worth $1,662,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of FTAI. Mather Group LLC. purchased a new stake in shares of FTAI Aviation in the 3rd quarter worth approximately $28,000. Global Retirement Partners LLC raised its stake in FTAI Aviation by 880.0% in the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after buying an additional 308 shares in the last quarter. Assetmark Inc. lifted its holdings in FTAI Aviation by 15.8% during the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after buying an additional 87 shares during the period. GAMMA Investing LLC boosted its position in FTAI Aviation by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 97 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in FTAI Aviation by 3,692.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 948 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 923 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Up 0.3%

FTAI stock opened at $289.74 on Friday. The stock has a market capitalization of $29.72 billion, a PE ratio of 66.15 and a beta of 1.53. FTAI Aviation Ltd. has a 52 week low of $81.45 and a 52 week high of $310.00. The firm has a 50 day moving average of $242.57 and a 200 day moving average of $191.27.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays boosted their price target on FTAI Aviation from $200.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Citizens Jmp lifted their target price on FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research note on Thursday, January 29th. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Wolfe Research restated an “outperform” rating and issued a $225.00 price target on shares of FTAI Aviation in a report on Wednesday, December 31st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $350.00 price objective on shares of FTAI Aviation in a research report on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.