Next Century Growth Investors LLC Sells 61,871 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Next Century Growth Investors LLC trimmed its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 35.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 112,009 shares of the financial services provider’s stock after selling 61,871 shares during the quarter. FTAI Aviation comprises about 1.2% of Next Century Growth Investors LLC’s holdings, making the stock its 29th biggest holding. Next Century Growth Investors LLC owned 0.11% of FTAI Aviation worth $16,134,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FTAI. Morse Asset Management Inc bought a new stake in shares of FTAI Aviation in the 3rd quarter worth $354,000. Stifel Financial Corp boosted its position in shares of FTAI Aviation by 12.7% during the third quarter. Stifel Financial Corp now owns 49,352 shares of the financial services provider’s stock valued at $6,559,000 after buying an additional 5,554 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in FTAI Aviation by 2.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock worth $483,000 after buying an additional 102 shares in the last quarter. MML Investors Services LLC raised its position in FTAI Aviation by 6.3% in the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock worth $288,000 after buying an additional 129 shares during the last quarter. Finally, Barclays PLC lifted its stake in FTAI Aviation by 73.5% during the 3rd quarter. Barclays PLC now owns 214,610 shares of the financial services provider’s stock valued at $28,520,000 after acquiring an additional 90,905 shares during the period. 88.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FTAI has been the topic of a number of research reports. BTIG Research raised their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research report on Friday, January 10th. Morgan Stanley reduced their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating for the company in a research report on Friday. Stifel Nicolaus reiterated a “hold” rating and issued a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Finally, StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Saturday, March 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.83.

FTAI Aviation Trading Up 2.6 %

Shares of FTAI stock opened at $98.92 on Friday. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of -989.10 and a beta of 1.79. FTAI Aviation Ltd. has a 12-month low of $66.22 and a 12-month high of $181.64. The stock’s 50-day moving average price is $112.15 and its 200-day moving average price is $130.92.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, March 14th. FTAI Aviation’s dividend payout ratio is -342.86%.

FTAI Aviation 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.