Y Intercept Hong Kong Ltd Lowers Stock Holdings in FTAI Aviation Ltd. $FTAI

Y Intercept Hong Kong Ltd cut its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 52.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 55,420 shares of the financial services provider’s stock after selling 60,481 shares during the period. Y Intercept Hong Kong Ltd’s holdings in FTAI Aviation were worth $9,247,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Diversified Trust Co purchased a new position in shares of FTAI Aviation in the 3rd quarter worth $2,846,000. LDR Capital Management LLC acquired a new stake in FTAI Aviation during the third quarter worth about $1,102,000. Asset Management One Co. Ltd. acquired a new stake in FTAI Aviation during the third quarter worth about $2,056,000. Maryland State Retirement & Pension System purchased a new position in shares of FTAI Aviation in the 2nd quarter worth about $570,000. Finally, Hiddenite Capital Partners LP raised its holdings in shares of FTAI Aviation by 12.9% in the 3rd quarter. Hiddenite Capital Partners LP now owns 79,000 shares of the financial services provider’s stock worth $13,182,000 after purchasing an additional 9,000 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, COO David Moreno bought 4,354 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $153.89 per share, with a total value of $670,037.06. Following the completion of the transaction, the chief operating officer owned 4,354 shares in the company, valued at $670,037.06. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

FTAI Aviation Stock Down 0.5%

Shares of NASDAQ:FTAI opened at $292.10 on Friday. The company has a market capitalization of $29.96 billion, a price-to-earnings ratio of 66.69 and a beta of 1.54. The company has a 50 day moving average of $199.42 and a two-hundred day moving average of $169.21. FTAI Aviation Ltd. has a 52-week low of $81.45 and a 52-week high of $310.00.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The firm had revenue of $667.06 million for the quarter, compared to analyst estimates 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 for the quarter was up 43.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 earnings per share. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, November 10th. FTAI Aviation’s dividend payout ratio is presently 31.96%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wall Street Zen cut FTAI Aviation from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. BTIG Research lifted their price target on shares of FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a research report on Friday. Wolfe Research reiterated an “outperform” rating and set a $225.00 price objective on shares of FTAI Aviation in a research note on Wednesday, December 31st. 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 report on Thursday, January 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and a consensus price target of $240.00.

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.