FTAI Infrastructure (NASDAQ:FIP) Shares Up 8.3% – Still a Buy?

FTAI Infrastructure Inc. (NASDAQ:FIP) shares shot up 8.3% during mid-day trading on Monday . The stock traded as high as $5.71 and last traded at $5.6750. 523,320 shares changed hands during trading, a decline of 49% from the average session volume of 1,032,763 shares. The stock had previously closed at $5.24.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. BTIG Research restated a “buy” rating and set a $10.00 target price on shares of FTAI Infrastructure in a report on Friday, February 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of FTAI Infrastructure in a report on Thursday, January 22nd. Finally, Wall Street Zen raised FTAI Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.00.

FTAI Infrastructure Price Performance

The company has a debt-to-equity ratio of 110.28, a current ratio of 0.25 and a quick ratio of 0.25. The company’s 50-day simple moving average is $5.77 and its 200-day simple moving average is $5.15. The company has a market cap of $657.62 million, a price-to-earnings ratio of -2.45 and a beta of 1.85.

FTAI Infrastructure (NASDAQ:FIP) last posted its earnings results on Thursday, February 26th. The company reported ($1.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.65). The firm had revenue of $143.52 million for the quarter, compared to analyst estimates of $169.16 million. FTAI Infrastructure had a negative return on equity of 82.60% and a negative net margin of 31.93%.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.03 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.12 dividend on an annualized basis and a yield of 2.1%. FTAI Infrastructure’s payout ratio is currently -5.22%.

Institutional Trading of FTAI Infrastructure

Large investors have recently modified their holdings of the business. Wellington Management Group LLP increased its position in shares of FTAI Infrastructure by 73.5% during the fourth quarter. Wellington Management Group LLP now owns 11,513,151 shares of the company’s stock worth $53,076,000 after acquiring an additional 4,875,802 shares during the last quarter. Vanguard Group Inc. boosted its holdings in FTAI Infrastructure by 4.9% in the third quarter. Vanguard Group Inc. now owns 6,281,484 shares of the company’s stock valued at $27,387,000 after purchasing an additional 294,002 shares during the last quarter. Hood River Capital Management LLC grew its stake in FTAI Infrastructure by 1.3% during the 2nd quarter. Hood River Capital Management LLC now owns 5,987,061 shares of the company’s stock valued at $36,940,000 after purchasing an additional 75,784 shares in the last quarter. Alliancebernstein L.P. increased its holdings in FTAI Infrastructure by 3,990.2% during the 3rd quarter. Alliancebernstein L.P. now owns 4,009,630 shares of the company’s stock worth $17,482,000 after purchasing an additional 3,911,600 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in FTAI Infrastructure by 425.7% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,639,934 shares of the company’s stock worth $22,458,000 after purchasing an additional 2,947,567 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

FTAI Infrastructure Company 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.