Calamos Advisors LLC Lowers Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Calamos Advisors LLC lowered its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,527 shares of the financial services provider’s stock after selling 6,151 shares during the period. Calamos Advisors LLC owned about 0.14% of FTAI Aviation worth $6,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Citigroup Inc. raised its stake in FTAI Aviation by 221.0% in the first quarter. Citigroup Inc. now owns 28,196 shares of the financial services provider’s stock worth $726,000 after buying an additional 19,413 shares in the last quarter. BlackRock Inc. bought a new position in shares of FTAI Aviation in the 1st quarter worth $96,000. Spring Creek Capital LLC lifted its stake in shares of FTAI Aviation by 2.7% during the 1st quarter. Spring Creek Capital LLC now owns 446,322 shares of the financial services provider’s stock worth $11,493,000 after purchasing an additional 11,856 shares during the last quarter. Cruiser Capital Advisors LLC boosted its position in FTAI Aviation by 8.0% during the first quarter. Cruiser Capital Advisors LLC now owns 251,016 shares of the financial services provider’s stock valued at $6,464,000 after purchasing an additional 18,628 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in FTAI Aviation by 1.1% in the first quarter. Gamco Investors INC. ET AL now owns 64,340 shares of the financial services provider’s stock valued at $1,657,000 after purchasing an additional 722 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Up 0.7 %

FTAI Aviation stock opened at $68.54 on Friday. The stock has a 50-day moving average price of $62.06 and a 200 day moving average price of $50.01. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 32.64 and a beta of 1.90. FTAI Aviation Ltd. has a 52 week low of $26.58 and a 52 week high of $73.54.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.72. The firm had revenue of $312.74 million for the quarter, compared to the consensus estimate of $310.04 million. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 earnings per share. Research analysts anticipate that FTAI Aviation Ltd. will post 2.43 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.75%. FTAI Aviation’s payout ratio is 57.14%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Benchmark increased their price target on shares of FTAI Aviation from $45.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Morgan Stanley lifted their price target on shares of FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Barclays increased their price objective on FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Stifel Nicolaus restated a “hold” rating and set a $59.00 target price (up from $40.00) on shares of FTAI Aviation in a research note on Monday, February 26th. Finally, StockNews.com lowered FTAI Aviation from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and an average target price of $54.25.

FTAI Aviation Profile

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.