FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC decreased its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 32.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,228 shares of the financial services provider’s stock after selling 7,455 shares during the period. Legato Capital Management LLC’s holdings in FTAI Aviation were worth $2,193,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FTAI. Brown Brothers Harriman & Co. purchased a new position in shares of FTAI Aviation in the 3rd quarter valued at $26,000. Anchor Investment Management LLC acquired a new stake in FTAI Aviation in the 3rd quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in FTAI Aviation in the fourth quarter valued at about $36,000. Farther Finance Advisors LLC lifted its stake in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in shares of FTAI Aviation during the fourth quarter worth about $93,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $119.51 on Wednesday. The stock has a market capitalization of $12.26 billion, a price-to-earnings ratio of 49.10 and a beta of 2.05. FTAI Aviation Ltd. has a one year low of $52.14 and a one year high of $181.64. The company’s 50-day simple moving average is $129.49 and its 200-day simple moving average is $132.67.

Wall Street Analyst Weigh In

FTAI has been the topic of several analyst reports. Compass Point raised their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Stifel Nicolaus decreased their target price on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average price target of $171.75.

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.