Sequoia Financial Advisors LLC Decreases Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Sequoia Financial Advisors LLC cut its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,136 shares of the financial services provider’s stock after selling 519 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in FTAI Aviation were worth $2,277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FTAI. Diversified Trust Co purchased a new position in FTAI Aviation in the 3rd quarter worth approximately $1,738,000. ClariVest Asset Management LLC purchased a new position in shares of FTAI Aviation in the first quarter valued at $1,802,000. Price T Rowe Associates Inc. MD grew its holdings in FTAI Aviation by 1,488.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after purchasing an additional 813,311 shares in the last quarter. Entropy Technologies LP purchased a new stake in FTAI Aviation during the 1st quarter worth $340,000. Finally, SG Americas Securities LLC acquired a new position in FTAI Aviation in the 1st quarter worth $384,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group raised their target price on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Royal Bank of Canada restated a “buy” rating on shares of FTAI Aviation in a report on Friday, October 18th. Barclays increased their target price on FTAI Aviation from $80.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Compass Point lifted their price target on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and an average price target of $138.64.

FTAI Aviation Stock Up 1.7 %

Shares of NYSE FTAI opened at $143.18 on Friday. The firm’s 50-day moving average price is $129.62 and its two-hundred day moving average price is $103.33. FTAI Aviation Ltd. has a 52-week low of $33.28 and a 52-week high of $149.74. The stock has a market capitalization of $14.35 billion, a P/E ratio of 65.38 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. The company had revenue of $443.59 million for the quarter, compared to analyst estimates of $361.92 million. As a group, equities research analysts expect that FTAI Aviation Ltd. will post 2.13 earnings per share for the current year.

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.