FTAI Aviation Ltd. $FTAI Shares Sold by Luxor Capital Group LP

Luxor Capital Group LP lessened its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 55.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,295 shares of the financial services provider’s stock after selling 115,833 shares during the quarter. FTAI Aviation makes up about 0.7% of Luxor Capital Group LP’s investment portfolio, making the stock its 19th biggest position. Luxor Capital Group LP’s holdings in FTAI Aviation were worth $15,233,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. LDR Capital Management LLC acquired a new stake in shares of FTAI Aviation in the third quarter worth approximately $1,102,000. Diversified Trust Co purchased a new stake in FTAI Aviation in the third quarter valued at approximately $2,846,000. Asset Management One Co. Ltd. acquired a new position in FTAI Aviation during the third quarter worth approximately $2,056,000. Hiddenite Capital Partners LP raised its stake in FTAI Aviation by 12.9% during the third 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. Finally, JPMorgan Chase & Co. raised its stake in FTAI Aviation by 396.7% during the third quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock worth $138,730,000 after purchasing an additional 664,037 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on FTAI shares. Weiss Ratings reissued a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Royal Bank Of Canada upped their price target on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Wolfe Research reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of FTAI Aviation in a research note on Wednesday, December 31st. Jefferies Financial Group reiterated a “buy” rating and set a $350.00 target price on shares of FTAI Aviation in a report on Monday, February 9th. Finally, Citigroup reaffirmed an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $292.78.

FTAI Aviation Stock Up 6.2%

FTAI stock opened at $236.10 on Tuesday. The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32. The firm has a 50 day simple moving average of $272.71 and a 200-day simple moving average of $206.77. The company has a market capitalization of $24.22 billion, a P/E ratio of 51.10, a PEG ratio of 0.90 and a beta of 1.50. FTAI Aviation Ltd. has a twelve month low of $81.45 and a twelve month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $662.03 million during the quarter, compared to analyst estimates of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The company’s revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 earnings per share. On average, equities research analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 13th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is presently 34.63%.

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.