Gabelli Funds LLC Trims Position in FTAI Aviation Ltd. $FTAI

Gabelli Funds LLC trimmed its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 15.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,900 shares of the financial services provider’s stock after selling 20,600 shares during the period. Gabelli Funds LLC’s holdings in FTAI Aviation were worth $18,672,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of FTAI Aviation in the third quarter worth $28,000. Global Retirement Partners LLC lifted its position in FTAI Aviation by 880.0% during the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 308 shares during the period. Assetmark Inc. lifted its position in FTAI Aviation by 15.8% during the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 87 shares during the period. GAMMA Investing LLC boosted its holdings in FTAI Aviation by 22.7% in the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 97 shares during the last quarter. Finally, Rossby Financial LCC grew its position in FTAI Aviation by 13.6% during the 3rd quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 65 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FTAI has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price objective on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 29th. BTIG Research lifted their price target on FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Jefferies Financial Group reissued a “buy” rating and issued a $350.00 price target on shares of FTAI Aviation in a report on Monday, February 9th. Finally, Citizens Jmp upped their price objective on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 29th. Ten equities research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $292.22.

FTAI Aviation Trading Down 4.8%

Shares of FTAI Aviation stock opened at $260.35 on Friday. The firm has a 50-day simple moving average of $266.64 and a two-hundred day simple moving average of $202.06. The company has a market cap of $26.70 billion, a P/E ratio of 56.35, a price-to-earnings-growth ratio of 1.05 and a beta of 1.50. FTAI Aviation Ltd. has a fifty-two week low of $81.45 and a fifty-two week high of $323.51. The company has a debt-to-equity ratio of 10.32, a quick ratio of 3.27 and a current ratio of 5.28.

FTAI Aviation (NASDAQ:FTAI) last posted its 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). FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The firm had revenue of $662.03 million for the quarter, compared to analysts’ expectations of $710.37 million. During the same period in the previous year, the company earned $0.84 earnings per share. The company’s revenue was up 32.7% compared to the same quarter last year. As a group, equities analysts predict that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 13th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 13th. FTAI Aviation’s dividend payout ratio is currently 30.30%.

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.