Landscape Capital Management L.L.C. Sells 2,892 Shares of FTAI Aviation Ltd. $FTAI

Landscape Capital Management L.L.C. lowered its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 19.8% during the fourth quarter, HoldingsChannel reports. The firm owned 11,684 shares of the financial services provider’s stock after selling 2,892 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in FTAI Aviation were worth $2,300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FORA Capital LLC bought a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $967,000. Kestra Advisory Services LLC bought a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $427,000. The Manufacturers Life Insurance Company raised its stake in shares of FTAI Aviation by 1.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock worth $877,000 after purchasing an additional 52 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of FTAI Aviation by 4.7% during the 4th quarter. Segall Bryant & Hamill LLC now owns 89,353 shares of the financial services provider’s stock worth $17,589,000 after purchasing an additional 4,049 shares in the last quarter. Finally, Rubric Capital Management LP raised its stake in shares of FTAI Aviation by 10.1% during the 4th quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock worth $728,345,000 after purchasing an additional 339,447 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $241.96 on Monday. The business has a fifty day simple moving average of $248.12 and a two-hundred day simple moving average of $241.30. FTAI Aviation Ltd. has a 1 year low of $108.47 and a 1 year high of $323.51. The company has a market capitalization of $24.82 billion, a price-to-earnings ratio of 48.01, a P/E/G ratio of 0.97 and a beta of 1.47. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter. During the same period last year, the company earned $0.87 earnings per share. FTAI Aviation’s revenue was up 65.4% on a year-over-year basis. Research analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 annualized dividend and a yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FTAI shares. Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. BTIG Research upped their price objective on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Barclays lifted their target price on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Jefferies Financial Group reissued a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a report on Sunday, May 3rd. Finally, Weiss Ratings lowered FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $326.88.

Insider Buying and Selling at FTAI Aviation

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

FTAI Aviation 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.