FTAI Aviation Ltd. (NYSE:FTAI) Position Reduced by WCM Investment Management LLC

WCM Investment Management LLC reduced its position in FTAI Aviation Ltd. (NYSE:FTAI) by 32.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 217,787 shares of the financial services provider’s stock after selling 104,100 shares during the period. WCM Investment Management LLC owned about 0.21% of FTAI Aviation worth $31,370,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FTAI. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation during the third quarter valued at $26,000. Anchor Investment Management LLC acquired a new position in shares of FTAI Aviation in the 3rd quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FTAI Aviation in the fourth quarter worth approximately $36,000. Farther Finance Advisors LLC boosted its holdings in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares during the period. Finally, USA Financial Formulas purchased a new position in FTAI Aviation during the fourth quarter valued at approximately $93,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Stock Down 5.0 %

FTAI opened at $112.84 on Friday. The stock’s 50 day moving average price is $131.33 and its two-hundred day moving average price is $132.38. The firm has a market capitalization of $11.57 billion, a P/E ratio of -1,128.29 and a beta of 2.05. FTAI Aviation Ltd. has a 12-month low of $52.02 and a 12-month high of $181.64.

Analyst Ratings Changes

FTAI has been the subject of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. BTIG Research upped their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Deutsche Bank Aktiengesellschaft lifted their price target on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Stifel Nicolaus reduced their target price on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.