8,813 Shares in FTAI Aviation Ltd. $FTAI Acquired by Red Door Wealth Management LLC

Red Door Wealth Management LLC bought a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,813 shares of the financial services provider’s stock, valued at approximately $1,471,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Quantitative Investment Management LLC grew its stake in FTAI Aviation by 42.9% in the 1st quarter. Quantitative Investment Management LLC now owns 13,314 shares of the financial services provider’s stock worth $1,478,000 after acquiring an additional 3,997 shares in the last quarter. Virtus Advisers LLC bought a new position in FTAI Aviation in the first quarter worth approximately $29,000. Ieq Capital LLC grew its stake in FTAI Aviation by 313.1% in the first quarter. Ieq Capital LLC now owns 12,022 shares of the financial services provider’s stock worth $1,335,000 after purchasing an additional 9,112 shares in the last quarter. Broad Bay Capital Management LP increased its holdings in FTAI Aviation by 26.8% during the 1st quarter. Broad Bay Capital Management LP now owns 236,173 shares of the financial services provider’s stock worth $26,222,000 after purchasing an additional 49,885 shares during the period. Finally, Vident Advisory LLC bought a new stake in FTAI Aviation during the 1st quarter valued at $323,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Insiders Place Their Bets

In other FTAI Aviation news, COO David Moreno bought 4,354 shares of FTAI Aviation stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average cost of $153.89 per share, with a total value of $670,037.06. Following the transaction, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

FTAI Aviation Stock Performance

FTAI stock opened at $168.49 on Friday. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $194.36. The firm has a market cap of $17.28 billion, a price-to-earnings ratio of 38.47 and a beta of 1.56. The firm has a 50-day simple moving average of $169.16 and a two-hundred day simple moving average of $150.77.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.09). The firm had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The company’s revenue was up 43.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. As a group, equities analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s payout ratio is 31.96%.

Analyst Ratings Changes

FTAI has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of FTAI Aviation in a research report on Monday, December 15th. Royal Bank Of Canada increased their target price on shares of FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Wall Street Zen lowered shares of FTAI Aviation from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. BTIG Research reaffirmed a “buy” rating and issued a $230.00 price target on shares of FTAI Aviation in a research report on Wednesday, November 19th. Finally, Jones Trading began coverage on shares of FTAI Aviation in a report on Friday, October 10th. They set a “buy” rating and a $306.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.63.

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.