Nicholas Investment Partners LP Has $12.17 Million Stake in FTAI Aviation Ltd. $FTAI

Nicholas Investment Partners LP boosted its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 6.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 61,822 shares of the financial services provider’s stock after buying an additional 3,704 shares during the period. Nicholas Investment Partners LP’s holdings in FTAI Aviation were worth $12,170,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FTAI. AQR Capital Management LLC bought a new stake in FTAI Aviation during the first quarter valued at about $242,000. Cetera Investment Advisers boosted its holdings in FTAI Aviation by 73.3% during the second quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock valued at $644,000 after acquiring an additional 2,368 shares during the period. Invesco Ltd. boosted its holdings in FTAI Aviation by 23.8% during the second quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock valued at $48,015,000 after acquiring an additional 80,341 shares during the period. Amundi boosted its holdings in FTAI Aviation by 16,560.0% during the second quarter. Amundi now owns 2,499 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 2,484 shares during the period. Finally, Jump Financial LLC bought a new stake in FTAI Aviation during the second quarter valued at about $2,736,000. 88.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FTAI shares. Weiss Ratings cut shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Morgan Stanley reiterated an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a research note on Friday, May 8th. BTIG Research increased their target price on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Finally, Barclays increased their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

FTAI Aviation Stock Up 0.3%

Shares of FTAI opened at $241.96 on Friday. The stock has a market cap of $24.82 billion, a price-to-earnings ratio of 48.01, a P/E/G ratio of 0.97 and a beta of 1.47. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. FTAI Aviation Ltd. has a 12 month low of $108.47 and a 12 month high of $323.51. The company has a 50-day moving average price of $248.12 and a two-hundred day moving average price of $240.74.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly 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 business had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm’s revenue for the quarter was up 65.4% on a year-over-year basis. During the same period last year, the company posted $0.87 EPS. Equities analysts predict that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.45 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.75%.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, Director Martin Tuchman sold 143,584 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the completion of the transaction, the director owned 236,302 shares in the company, valued at $57,289,056.88. This trade represents a 37.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Judith A. Hannaway sold 255 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the sale, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. The trade was a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 254,515 shares of company stock valued at $61,599,445. Corporate insiders own 1.35% of the company’s stock.

FTAI Aviation 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.