FTAI Aviation Ltd. $FTAI Holdings Decreased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 16.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,786 shares of the financial services provider’s stock after selling 538 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in FTAI Aviation were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FTAI. Wellington Management Group LLP grew its holdings in shares of FTAI Aviation by 159.6% during the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock valued at $260,658,000 after buying an additional 1,443,440 shares in the last quarter. Empyrean Capital Partners LP purchased a new position in shares of FTAI Aviation during the first quarter valued at $61,546,000. Sessa Capital IM L.P. purchased a new position in shares of FTAI Aviation during the first quarter valued at $44,412,000. Appian Way Asset Management LP grew its holdings in shares of FTAI Aviation by 601.8% during the first quarter. Appian Way Asset Management LP now owns 450,780 shares of the financial services provider’s stock valued at $50,050,000 after buying an additional 386,549 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of FTAI Aviation during the first quarter valued at $41,789,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

FTAI has been the topic of a number of research analyst reports. Wall Street Zen upgraded FTAI Aviation from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Barclays lifted their price objective on FTAI Aviation from $150.00 to $195.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. BTIG Research reissued a “buy” rating and set a $230.00 price objective on shares of FTAI Aviation in a research report on Monday. Finally, Morgan Stanley lifted their price objective on FTAI Aviation from $138.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $205.00.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI opened at $172.67 on Wednesday. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $184.44. The business has a 50-day moving average of $163.21 and a two-hundred day moving average of $131.80. The stock has a market capitalization of $17.71 billion, a P/E ratio of 42.74 and a beta of 1.70.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The company had revenue of $676.24 million during the quarter, compared to analysts’ expectations of $754.75 million. During the same quarter in the previous year, the firm earned ($2.26) earnings per share. The business’s quarterly revenue was up 52.4% compared to the same quarter last year. As a group, research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. FTAI Aviation’s payout ratio is currently 29.70%.

FTAI Aviation Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.