Dalton Greiner Hartman Maher & Co. Trims Stock Position in Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI)

Dalton Greiner Hartman Maher & Co. cut its stake in shares of Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,578 shares of the financial services provider’s stock after selling 1,248 shares during the period. Dalton Greiner Hartman Maher & Co. owned approximately 0.10% of Fortress Transprtn and Infr Investrs worth $1,297,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Boston Partners raised its stake in Fortress Transprtn and Infr Investrs by 1.0% during the 2nd quarter. Boston Partners now owns 84,179 shares of the financial services provider’s stock valued at $1,271,000 after acquiring an additional 833 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Fortress Transprtn and Infr Investrs by 1.5% during the 2nd quarter. Gamco Investors INC. ET AL now owns 59,725 shares of the financial services provider’s stock worth $902,000 after purchasing an additional 900 shares during the period. BB&T Securities LLC increased its position in Fortress Transprtn and Infr Investrs by 3.5% during the 2nd quarter. BB&T Securities LLC now owns 36,827 shares of the financial services provider’s stock worth $556,000 after purchasing an additional 1,257 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Fortress Transprtn and Infr Investrs by 3.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 45,211 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 1,717 shares during the period. Finally, Lenox Wealth Advisors LLC acquired a new position in Fortress Transprtn and Infr Investrs during the 3rd quarter worth approximately $31,000. 30.94% of the stock is owned by hedge funds and other institutional investors.

FTAI has been the topic of several recent analyst reports. TheStreet upgraded Fortress Transprtn and Infr Investrs from a “c” rating to a “b” rating in a research report on Friday, August 2nd. Zacks Investment Research upgraded Fortress Transprtn and Infr Investrs from a “strong sell” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, August 5th.

NYSE FTAI opened at $15.05 on Friday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $15.31 and its two-hundred day moving average is $15.65. Fortress Transprtn and Infr Investrs LLC has a 12-month low of $12.84 and a 12-month high of $18.20. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 136.82 and a beta of 1.07.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.10. The company had revenue of $159.00 million for the quarter, compared to analysts’ expectations of $138.74 million. Fortress Transprtn and Infr Investrs had a return on equity of 1.78% and a net margin of 3.74%. The firm’s quarterly revenue was up 120.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 EPS. Equities analysts forecast that Fortress Transprtn and Infr Investrs LLC will post 0.58 earnings per share for the current fiscal year.

In other news, Director Martin Tuchman purchased 19,900 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average price of $25.69 per share, for a total transaction of $511,231.00. Following the acquisition, the director now directly owns 5,500 shares in the company, valued at approximately $141,295. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders purchased 35,400 shares of company stock worth $908,431. Insiders own 1.00% of the company’s stock.

Fortress Transprtn and Infr Investrs Profile

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

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Institutional Ownership by Quarter for Fortress Transprtn and Infr Investrs (NYSE:FTAI)

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