FTAI Infrastructure (NASDAQ:FIP) Issues Earnings Results

FTAI Infrastructure (NASDAQ:FIP) announced its quarterly earnings results on Thursday. The company reported ($1.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.65), Zacks reports. FTAI Infrastructure had a negative return on equity of 75.13% and a negative net margin of 41.09%.

FTAI Infrastructure Stock Up 0.6%

FTAI Infrastructure stock traded up $0.04 during midday trading on Thursday, reaching $6.44. The stock had a trading volume of 1,619,754 shares, compared to its average volume of 1,001,644. The stock has a market capitalization of $748.93 million, a P/E ratio of -2.62 and a beta of 1.86. The firm’s fifty day simple moving average is $5.54 and its 200-day simple moving average is $5.07. The company has a debt-to-equity ratio of 110.28, a quick ratio of 0.25 and a current ratio of 0.25. FTAI Infrastructure has a 1-year low of $3.10 and a 1-year high of $7.93.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FIP shares. BTIG Research boosted their price objective on FTAI Infrastructure from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FTAI Infrastructure in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, FTAI Infrastructure presently has an average rating of “Hold” and an average target price of $11.00.

Institutional Trading of FTAI Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV lifted its stake in FTAI Infrastructure by 20.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 39,849 shares of the company’s stock valued at $184,000 after purchasing an additional 6,678 shares during the last quarter. Wellington Management Group LLP raised its stake in FTAI Infrastructure by 73.5% in the fourth quarter. Wellington Management Group LLP now owns 11,513,151 shares of the company’s stock valued at $53,076,000 after buying an additional 4,875,802 shares during the period. Millennium Management LLC lifted its position in shares of FTAI Infrastructure by 44.0% in the fourth quarter. Millennium Management LLC now owns 532,950 shares of the company’s stock valued at $2,457,000 after buying an additional 162,964 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of FTAI Infrastructure by 144.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 98,448 shares of the company’s stock valued at $454,000 after buying an additional 58,135 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of FTAI Infrastructure by 2.8% during the 4th quarter. AQR Capital Management LLC now owns 70,436 shares of the company’s stock worth $325,000 after acquiring an additional 1,920 shares during the period. 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.