New York State Common Retirement Fund Lowers Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

New York State Common Retirement Fund cut its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 27.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 124,225 shares of the financial services provider’s stock after selling 47,016 shares during the quarter. New York State Common Retirement Fund’s holdings in FTAI Aviation were worth $16,510,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC boosted its holdings in FTAI Aviation by 5.8% during the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock worth $352,000 after buying an additional 145 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in FTAI Aviation by 2.0% during the second quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock valued at $1,163,000 after purchasing an additional 216 shares in the last quarter. Xponance Inc. lifted its holdings in FTAI Aviation by 4.1% during the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 248 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in FTAI Aviation during the second quarter valued at $33,000. Finally, Clear Harbor Asset Management LLC lifted its holdings in FTAI Aviation by 1.4% during the third quarter. Clear Harbor Asset Management LLC now owns 24,575 shares of the financial services provider’s stock valued at $3,266,000 after purchasing an additional 350 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

Shares of FTAI opened at $139.14 on Wednesday. The firm has a 50-day simple moving average of $132.90 and a two-hundred day simple moving average of $107.28. FTAI Aviation Ltd. has a 1-year low of $39.20 and a 1-year high of $149.74. The stock has a market cap of $14.22 billion, a PE ratio of -1,391.40 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. The business had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same period in the previous year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 60.0% compared to the same quarter last year. As a group, sell-side analysts expect that FTAI Aviation Ltd. will post 2.17 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Thursday, November 14th. FTAI Aviation’s payout ratio is -1,200.00%.

Analyst Ratings Changes

Several research firms have issued reports on FTAI. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. JMP Securities raised their price objective on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 25th. BTIG Research initiated coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They set a “buy” rating and a $140.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Wolfe Research cut shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and an average target price of $162.09.

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.