Empowered Funds LLC Has $24.85 Million Position in FTAI Aviation Ltd. $FTAI

Empowered Funds LLC boosted its holdings in FTAI Aviation Ltd. (NASDAQ:FTAI) by 2,571.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,425 shares of the financial services provider’s stock after acquiring an additional 97,628 shares during the quarter. Empowered Funds LLC’s holdings in FTAI Aviation were worth $24,849,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors lifted its stake in FTAI Aviation by 41.1% during the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after purchasing an additional 2,596,265 shares during the period. Norges Bank bought a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $262,393,000. Northern Right Capital Management L.P. grew its stake in shares of FTAI Aviation by 884.1% in the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after purchasing an additional 795,675 shares during the period. Rubric Capital Management LP raised its holdings in shares of FTAI Aviation by 28.3% in the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after buying an additional 749,080 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in shares of FTAI Aviation by 249.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 617,802 shares of the financial services provider’s stock worth $121,614,000 after buying an additional 440,767 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Insiders Place Their Bets

In related news, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares of the company’s stock, valued at $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Martin Tuchman sold 67,500 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the transaction, the director owned 210,491 shares in the company, valued at approximately $50,936,717.09. This trade represents a 24.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 254,515 shares of company stock valued at $61,599,445. 1.35% of the stock is currently owned by corporate insiders.

FTAI Aviation Trading Down 0.8%

Shares of FTAI opened at $212.47 on Wednesday. The stock has a fifty day moving average price of $241.54 and a two-hundred day moving average price of $254.28. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. FTAI Aviation Ltd. has a 52-week low of $113.43 and a 52-week high of $323.51. The company has a market cap of $21.80 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 0.86 and a beta of 1.46.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data 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 during the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The business’s quarterly revenue was up 65.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 earnings per share. Analysts predict that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citizens Jmp started coverage on FTAI Aviation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target on the stock. Royal Bank Of Canada dropped their price objective on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday. Jefferies Financial Group reissued a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a report on Sunday, May 3rd. BTIG Research boosted their target price on shares of FTAI Aviation from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $334.38.

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.