FTAI Aviation Ltd. $FTAI Shares Sold by Owl Creek Asset Management L.P.

Owl Creek Asset Management L.P. lessened its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 23.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 205,370 shares of the financial services provider’s stock after selling 63,071 shares during the quarter. FTAI Aviation makes up 3.6% of Owl Creek Asset Management L.P.’s portfolio, making the stock its 3rd largest holding. Owl Creek Asset Management L.P.’s holdings in FTAI Aviation were worth $50,316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SJS Investment Consulting Inc. lifted its holdings in FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 59 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of FTAI Aviation by 142.2% during the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 64 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $30,000. Root Financial Partners LLC raised its position in shares of FTAI Aviation by 40.9% during the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 45 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of FTAI Aviation during the 1st quarter worth approximately $51,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analysts Set New Price Targets

FTAI has been the subject of a number of recent research reports. Citizens Jmp initiated coverage on FTAI Aviation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective for the company. Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a research note on Sunday, May 3rd. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Morgan Stanley restated an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research report on Friday, May 8th. Finally, Weiss Ratings raised shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $340.62.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $215.98 on Monday. FTAI Aviation Ltd. has a 12-month low of $110.76 and a 12-month high of $323.51. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The firm has a market capitalization of $22.16 billion, a price-to-earnings ratio of 42.85, a price-to-earnings-growth ratio of 0.87 and a beta of 1.46. The business has a 50 day simple moving average of $242.09 and a 200 day simple moving average of $254.66.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business had revenue of $830.70 million for the quarter. During the same quarter in the prior year, the firm earned $0.87 earnings per share. FTAI Aviation’s quarterly revenue was up 65.4% compared to the same quarter last year. On average, equities research analysts anticipate that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s payout ratio is currently 31.75%.

Insider Activity

In other FTAI Aviation news, Director Martin Tuchman sold 67,500 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the transaction, the director owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. This trade represents a 24.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the sale, the director owned 3,012 shares in the company, valued at $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 254,515 shares of company stock valued at $61,599,445 in the last ninety days. Corporate insiders own 1.35% of the company’s stock.

About FTAI Aviation

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.