New York State Common Retirement Fund Purchases 22,445 Shares of FTAI Aviation Ltd. $FTAI

New York State Common Retirement Fund grew its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 22.2% during the third quarter, HoldingsChannel reports. The firm owned 123,331 shares of the financial services provider’s stock after buying an additional 22,445 shares during the period. New York State Common Retirement Fund’s holdings in FTAI Aviation were worth $20,579,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LDR Capital Management LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter valued at $1,102,000. Diversified Trust Co acquired a new stake in FTAI Aviation in the third quarter worth $2,846,000. Asset Management One Co. Ltd. bought a new stake in FTAI Aviation in the third quarter valued at $2,056,000. Maryland State Retirement & Pension System acquired a new position in shares of FTAI Aviation during the second quarter valued at about $570,000. Finally, Hiddenite Capital Partners LP raised its holdings in shares of 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 valued at $13,182,000 after purchasing an additional 9,000 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FTAI Aviation

In other news, COO David Moreno bought 4,354 shares of the stock in a transaction dated Thursday, November 13th. The stock was bought at an average price of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the acquisition, the chief operating officer directly owned 4,354 shares in the company, valued at approximately $670,037.06. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

FTAI Aviation Trading Down 1.3%

Shares of FTAI Aviation stock opened at $272.32 on Friday. The company has a market capitalization of $27.93 billion, a P/E ratio of 62.17 and a beta of 1.54. The stock has a fifty day simple moving average of $211.54 and a 200 day simple moving average of $175.44. FTAI Aviation Ltd. has a 12-month low of $81.45 and a 12-month high of $310.00.

Analysts Set New Price Targets

A number of brokerages recently commented on FTAI. Jones Trading initiated coverage on FTAI Aviation in a research report on Friday, October 10th. They issued a “buy” rating and a $306.00 target price for the company. BTIG Research boosted their price objective on FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Citizens Jmp increased their target price on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a report on Thursday. Royal Bank Of Canada lifted their price target on shares of FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.11.

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.