FTAI Infrastructure Inc. $FIP is Luxor Capital Group LP’s 6th Largest Position

Luxor Capital Group LP cut its holdings in shares of FTAI Infrastructure Inc. (NASDAQ:FIP) by 30.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,629,575 shares of the company’s stock after selling 2,854,740 shares during the period. FTAI Infrastructure accounts for about 3.0% of Luxor Capital Group LP’s holdings, making the stock its 6th biggest position. Luxor Capital Group LP owned approximately 5.78% of FTAI Infrastructure worth $40,904,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aigen Investment Management LP boosted its stake in FTAI Infrastructure by 16.9% during the 1st quarter. Aigen Investment Management LP now owns 24,647 shares of the company’s stock worth $112,000 after purchasing an additional 3,568 shares during the period. Nuveen LLC purchased a new stake in shares of FTAI Infrastructure in the first quarter valued at about $1,422,000. Fox Run Management L.L.C. boosted its stake in shares of FTAI Infrastructure by 10.5% during the first quarter. Fox Run Management L.L.C. now owns 42,367 shares of the company’s stock worth $192,000 after buying an additional 4,024 shares during the period. Tejara Capital Ltd acquired a new stake in shares of FTAI Infrastructure during the first quarter worth about $1,334,000. Finally, Doheny Asset Management CA grew its holdings in shares of FTAI Infrastructure by 10.7% during the first quarter. Doheny Asset Management CA now owns 192,660 shares of the company’s stock worth $873,000 after buying an additional 18,650 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Performance

NASDAQ FIP opened at $5.13 on Friday. The stock has a market capitalization of $596.57 million, a price-to-earnings ratio of -2.09 and a beta of 1.88. The business’s 50 day moving average is $4.97 and its two-hundred day moving average is $5.40. FTAI Infrastructure Inc. has a 12-month low of $3.10 and a 12-month high of $8.53. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 110.28.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($1.38) EPS for the quarter, missing the consensus estimate of ($0.59) by ($0.79). FTAI Infrastructure had a negative net margin of 41.09% and a negative return on equity of 75.13%. The business had revenue of $140.56 million during the quarter, compared to analyst estimates of $146.37 million.

FTAI Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.12 dividend on an annualized basis and a yield of 2.3%. FTAI Infrastructure’s dividend payout ratio (DPR) is -4.88%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FIP. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Wednesday, October 8th. BTIG Research increased their price target on FTAI Infrastructure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.00.

FTAI Infrastructure Profile

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.