Carnegie Investment Counsel Takes Position in FTAI Aviation Ltd. $FTAI

Carnegie Investment Counsel purchased a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,800 shares of the financial services provider’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTAI. WCM Investment Management LLC lifted its position in shares of FTAI Aviation by 11.2% during the 1st quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider’s stock worth $27,200,000 after buying an additional 24,296 shares during the last quarter. Royce & Associates LP raised its holdings in FTAI Aviation by 97.9% in the 1st quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider’s stock valued at $45,661,000 after buying an additional 203,447 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in FTAI Aviation by 5.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,879 shares of the financial services provider’s stock worth $986,000 after buying an additional 443 shares during the period. Florida Financial Advisors LLC bought a new stake in FTAI Aviation during the 1st quarter worth approximately $333,000. Finally, Harbor Capital Advisors Inc. increased its position in FTAI Aviation by 4.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 154,462 shares of the financial services provider’s stock valued at $17,769,000 after acquiring an additional 6,709 shares during the period. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Price Performance

NASDAQ FTAI opened at $185.09 on Tuesday. The stock has a market capitalization of $18.98 billion, a P/E ratio of 45.81 and a beta of 1.70. The business has a 50 day simple moving average of $165.99 and a 200 day simple moving average of $134.32. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $189.22.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The business’s quarterly revenue was up 43.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. Equities analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on FTAI. Morgan Stanley lifted their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of FTAI Aviation in a research report on Wednesday, October 8th. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Wall Street Zen lowered FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $185.00 target price on shares of FTAI Aviation in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $209.00.

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.