Wrapmanager Inc. Has $236,000 Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Wrapmanager Inc. trimmed its position in FTAI Aviation Ltd. (NYSE:FTAI) by 14.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,639 shares of the financial services provider’s stock after selling 285 shares during the period. Wrapmanager Inc.’s holdings in FTAI Aviation were worth $236,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FTAI. Westfield Capital Management Co. LP raised its position in shares of FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after acquiring an additional 773,017 shares during the period. Victory Capital Management Inc. raised its position in shares of FTAI Aviation by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock valued at $50,530,000 after acquiring an additional 264,971 shares during the period. Vantage Investment Partners LLC acquired a new stake in shares of FTAI Aviation in the 3rd quarter valued at approximately $32,769,000. Franklin Resources Inc. raised its position in shares of FTAI Aviation by 102.8% in the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock valued at $54,685,000 after acquiring an additional 208,613 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of FTAI Aviation by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock valued at $153,474,000 after acquiring an additional 182,252 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Up 2.2 %

NYSE FTAI opened at $132.95 on Wednesday. FTAI Aviation Ltd. has a 12-month low of $54.84 and a 12-month high of $181.64. The company has a market capitalization of $13.63 billion, a PE ratio of -1,329.37 and a beta of 2.06. The firm’s 50 day moving average is $124.96 and its 200-day moving average is $133.92.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Compass Point raised their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Benchmark raised their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus dropped their target price on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Royal Bank of Canada restated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. Finally, BTIG Research raised their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $171.75.

FTAI Aviation Company 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.