FTAI Infrastructure Target of Unusually High Options Trading (NASDAQ:FIP)

FTAI Infrastructure Inc. (NASDAQ:FIP) saw unusually large options trading activity on Tuesday. Traders bought 3,680 call options on the stock. This is an increase of approximately 686% compared to the average volume of 468 call options.

Institutional Trading of FTAI Infrastructure

Several hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings in shares of FTAI Infrastructure by 6,941.7% in the fourth quarter. Larson Financial Group LLC now owns 8,098 shares of the company’s stock valued at $37,000 after acquiring an additional 7,983 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of FTAI Infrastructure during the 2nd quarter worth $65,000. Fortitude Advisory Group L.L.C. acquired a new position in FTAI Infrastructure during the first quarter worth about $74,000. Savant Capital LLC purchased a new position in FTAI Infrastructure in the fourth quarter valued at about $72,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of FTAI Infrastructure during the 2nd quarter valued at approximately $75,000. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Stock Performance

Shares of FTAI Infrastructure stock opened at $2.87 on Thursday. FTAI Infrastructure has a fifty-two week low of $2.77 and a fifty-two week high of $6.69. The company has a market cap of $339.18 million, a P/E ratio of -0.55 and a beta of 1.79. The firm has a 50-day simple moving average of $3.88 and a two-hundred day simple moving average of $4.61.

FTAI Infrastructure (NASDAQ:FIP) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($1.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.81). The company had revenue of $186.77 million during the quarter, compared to analyst estimates of $186.08 million. FTAI Infrastructure had a negative net margin of 74.10% and a negative return on equity of 147.01%.

FTAI Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, August 24th. FTAI Infrastructure’s dividend payout ratio (DPR) is -2.31%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FIP shares. Weiss Ratings reissued a “sell (e+)” rating on shares of FTAI Infrastructure in a research report on Wednesday, September 9th. Citizens Jmp initiated coverage on shares of FTAI Infrastructure in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $10.00 price objective for the company. Compass Point set a $12.00 price target on shares of FTAI Infrastructure in a research report on Tuesday, June 30th. JonesTrading started coverage on FTAI Infrastructure in a report on Wednesday, July 1st. They issued a “buy” rating and a $8.75 price target on the stock. Finally, Wall Street Zen lowered FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.94.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc owns and operates critical infrastructure assets that support the transportation and energy sectors. The company focuses on businesses that provide essential services to industrial, commercial and governmental customers, including rail transportation, port and terminal operations, and power generation.

Its portfolio includes Transtar, a provider of industrial rail transportation and related services, as well as energy and logistics infrastructure such as the Jefferson Energy Companies terminal in Georgia, the Repauno Port and Rail Terminal in New Jersey, and the Long Ridge Energy Terminal and power-generation complex in Ohio.