Balyasny Asset Management L.P. Raises Stake in FTAI Infrastructure Inc. (NASDAQ:FIP)

Balyasny Asset Management L.P. raised its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 49.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,081,888 shares of the company’s stock after purchasing an additional 687,413 shares during the period. Balyasny Asset Management L.P.’s holdings in FTAI Infrastructure were worth $15,115,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in FTAI Infrastructure by 113.8% during the third quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company’s stock valued at $4,851,000 after buying an additional 275,903 shares during the last quarter. Barclays PLC boosted its stake in FTAI Infrastructure by 283.8% in the 3rd quarter. Barclays PLC now owns 159,387 shares of the company’s stock worth $1,492,000 after purchasing an additional 117,863 shares in the last quarter. Swiss National Bank boosted its stake in FTAI Infrastructure by 9.3% in the 4th quarter. Swiss National Bank now owns 218,700 shares of the company’s stock worth $1,588,000 after purchasing an additional 18,600 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in FTAI Infrastructure by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,386 shares of the company’s stock valued at $6,646,000 after purchasing an additional 67,023 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in FTAI Infrastructure in the fourth quarter worth about $527,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JMP Securities reiterated a “market outperform” rating and set a $12.00 price target on shares of FTAI Infrastructure in a report on Tuesday, April 22nd.

FTAI Infrastructure Stock Up 2.4 %

FIP stock opened at $4.66 on Friday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. FTAI Infrastructure Inc. has a 1-year low of $3.10 and a 1-year high of $10.46. The stock has a market capitalization of $534.79 million, a P/E ratio of -2.35 and a beta of 1.70. The business has a fifty day moving average price of $4.39 and a 200-day moving average price of $6.54.

FTAI Infrastructure (NASDAQ:FIP) last posted its earnings results on Thursday, May 8th. The company reported $0.89 earnings per share (EPS) for the quarter. FTAI Infrastructure had a negative net margin of 44.32% and a negative return on equity of 46.25%.

FTAI Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Friday, March 14th. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -4.36%.

About FTAI Infrastructure

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.