Tejara Capital Ltd Cuts Stock Holdings in FTAI Aviation Ltd. $FTAI

Tejara Capital Ltd reduced its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 38.7% during the second quarter, Holdings Channel reports. The institutional investor owned 26,375 shares of the financial services provider’s stock after selling 16,625 shares during the quarter. FTAI Aviation comprises 1.4% of Tejara Capital Ltd’s portfolio, making the stock its 26th biggest holding. Tejara Capital Ltd’s holdings in FTAI Aviation were worth $3,034,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FTAI. Harbor Capital Advisors Inc. lifted its position in FTAI Aviation by 4.5% in the second quarter. Harbor Capital Advisors Inc. now owns 154,462 shares of the financial services provider’s stock valued at $17,769,000 after purchasing an additional 6,709 shares during the last quarter. Maryland State Retirement & Pension System purchased a new position in shares of FTAI Aviation in the second quarter worth $570,000. Peregrine Capital Management LLC boosted its position in FTAI Aviation by 1.8% during the 2nd quarter. Peregrine Capital Management LLC now owns 91,373 shares of the financial services provider’s stock valued at $10,512,000 after buying an additional 1,632 shares during the period. Nicholas Hoffman & Company LLC. boosted its position in FTAI Aviation by 150.0% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 5,000 shares of the financial services provider’s stock valued at $555,000 after buying an additional 3,000 shares during the period. Finally, Advantage Alpha Capital Partners LP grew its holdings in FTAI Aviation by 196.1% in the 1st quarter. Advantage Alpha Capital Partners LP now owns 141,808 shares of the financial services provider’s stock worth $15,745,000 after acquiring an additional 93,914 shares during the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO David Moreno acquired 4,354 shares of FTAI Aviation stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average price of $153.89 per share, with a total value of $670,037.06. Following the transaction, the chief operating officer directly owned 4,354 shares in the company, valued at approximately $670,037.06. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FTAI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of FTAI Aviation in a report on Tuesday. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. Morgan Stanley boosted their target price on FTAI Aviation from $138.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Jones Trading assumed coverage on FTAI Aviation in a report on Friday, October 10th. They set a “buy” rating and a $306.00 target price for the company. Finally, Royal Bank Of Canada lifted their price target on shares of FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $201.11.

FTAI Aviation Price Performance

NASDAQ:FTAI opened at $170.11 on Friday. The firm’s 50-day moving average price is $168.68 and its 200-day moving average price is $144.38. The company has a market capitalization of $17.45 billion, a PE ratio of 38.84 and a beta of 1.67. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $194.36.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.09). The business had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The company’s revenue was up 43.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. Equities analysts anticipate 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 Wednesday, November 19th. Investors of record on Monday, November 10th were paid a $0.35 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. FTAI Aviation’s dividend payout ratio is presently 31.96%.

About FTAI Aviation

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.