NJ State Employees Deferred Compensation Plan Sells 5,100 Shares of FTAI Aviation Ltd. $FTAI

NJ State Employees Deferred Compensation Plan lessened its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 14.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,900 shares of the financial services provider’s stock after selling 5,100 shares during the period. NJ State Employees Deferred Compensation Plan’s holdings in FTAI Aviation were worth $5,156,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FTAI. Assetmark Inc. increased its position in FTAI Aviation by 11.0% in the 3rd quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after buying an additional 70 shares in the last quarter. CWM LLC lifted its position in shares of FTAI Aviation by 6.8% during the third quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 74 shares in the last quarter. Brookstone Capital Management lifted its position in shares of FTAI Aviation by 2.5% during the 3rd quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider’s stock worth $515,000 after buying an additional 75 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in FTAI Aviation by 3.5% in the third quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 76 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in FTAI Aviation by 22.7% during the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock valued at $88,000 after buying an additional 97 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FTAI has been the topic of several research reports. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Citigroup restated an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Wall Street Zen lowered FTAI Aviation from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Citizens Jmp upped their price objective on shares of FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $350.00 target price on shares of FTAI Aviation in a research report on Monday, February 9th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $274.50.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $279.85 on Tuesday. The business’s 50 day simple moving average is $233.98 and its two-hundred day simple moving average is $187.82. FTAI Aviation Ltd. has a one year low of $81.45 and a one year high of $310.00. The stock has a market capitalization of $28.70 billion, a P/E ratio of 63.89 and a beta of 1.53.

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.