FTAI Aviation Ltd. (NYSE:FTAI) Shares Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lifted its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 77.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,555 shares of the financial services provider’s stock after buying an additional 2,853 shares during the period. SeaCrest Wealth Management LLC’s holdings in FTAI Aviation were worth $944,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FTAI. Harbour Capital Advisors LLC lifted its position in FTAI Aviation by 13.2% during the fourth quarter. Harbour Capital Advisors LLC now owns 7,690 shares of the financial services provider’s stock valued at $1,164,000 after purchasing an additional 895 shares during the period. Harbor Capital Advisors Inc. lifted its position in FTAI Aviation by 148.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 116,059 shares of the financial services provider’s stock valued at $16,717,000 after purchasing an additional 69,260 shares during the period. Diversified Trust Co lifted its position in FTAI Aviation by 79.4% during the fourth quarter. Diversified Trust Co now owns 23,463 shares of the financial services provider’s stock valued at $3,380,000 after purchasing an additional 10,383 shares during the period. Everence Capital Management Inc. acquired a new position in FTAI Aviation during the fourth quarter valued at $203,000. Finally, JPMorgan Chase & Co. lifted its position in FTAI Aviation by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock valued at $153,474,000 after purchasing an additional 182,252 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FTAI has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Citigroup upped their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Jefferies Financial Group upped their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and an average target price of $177.33.

FTAI Aviation Stock Down 24.3 %

FTAI stock opened at $116.08 on Thursday. The stock has a market capitalization of $11.90 billion, a P/E ratio of -1,160.68 and a beta of 2.09. The firm has a 50-day simple moving average of $152.65 and a 200-day simple moving average of $132.43. FTAI Aviation Ltd. has a 52 week low of $47.21 and a 52 week high of $181.64.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The company had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. On average, analysts expect that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.03%. FTAI Aviation’s payout ratio is -1,200.00%.

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.