Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAI) Expands By 18.6%

FTAI Aviation Ltd. (NASDAQ:FTAI) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 5,619,470 shares, an increase of 18.6% from the March 31st total of 4,739,156 shares. Currently, 5.6% of the shares of the stock are sold short. Based on an average daily volume of 1,029,825 shares, the days-to-cover ratio is currently 5.5 days.

FTAI Aviation Price Performance

FTAI traded down $9.72 during trading on Friday, reaching $239.95. The stock had a trading volume of 1,664,269 shares, compared to its average volume of 1,389,957. The stock has a market cap of $24.61 billion, a PE ratio of 47.61, a PEG ratio of 0.94 and a beta of 1.59. The company has a debt-to-equity ratio of 10.32, a quick ratio of 2.30 and a current ratio of 5.28. FTAI Aviation has a one year low of $88.82 and a one year high of $323.51. The business has a 50-day moving average of $254.67 and a 200-day moving average of $223.57.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The firm had revenue of $830.70 million during the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 214.24%. The firm’s revenue was up 65.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 earnings per share. As a group, equities research analysts anticipate that FTAI Aviation will post 7.21 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 13th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, March 13th. FTAI Aviation’s dividend payout ratio is currently 31.75%.

Analyst Ratings Changes

Several research analysts have recently weighed in on FTAI shares. Weiss Ratings cut shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $350.00 price target on shares of FTAI Aviation in a report on Monday, February 9th. Royal Bank Of Canada upped their price target on shares of FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Morgan Stanley upped their price target on shares of FTAI Aviation from $266.00 to $293.00 and gave the stock an “overweight” rating in a report on Tuesday, March 24th. Finally, Citigroup reaffirmed an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $317.38.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. boosted its position in FTAI Aviation by 122.9% during the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after buying an additional 59 shares during the period. Mather Group LLC. purchased a new stake in FTAI Aviation during the third quarter valued at about $28,000. Garton & Associates Financial Advisors LLC purchased a new stake in FTAI Aviation during the fourth quarter valued at about $30,000. Root Financial Partners LLC boosted its position in FTAI Aviation by 40.9% during the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after buying an additional 45 shares during the period. Finally, Greenline Wealth Management LLC purchased a new stake in FTAI Aviation during the fourth quarter valued at about $50,000. Institutional investors own 88.96% of the company’s stock.

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.