FTAI Aviation (NYSE:FTAI) Shares Down 4.6% – Here’s What Happened

FTAI Aviation Ltd. (NYSE:FTAI) traded down 4.6% during trading on Friday . The company traded as low as $112.40 and last traded at $113.37. 394,513 shares were traded during mid-day trading, a decline of 91% from the average session volume of 4,626,098 shares. The stock had previously closed at $118.81.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Citigroup raised their target price on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Benchmark increased their price objective on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BTIG Research increased their price target on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Finally, Barclays increased their price target on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.75.

FTAI Aviation Trading Down 4.9 %

The firm has a market cap of $11.58 billion, a P/E ratio of -1,131.06 and a beta of 2.06. The business’s 50-day moving average is $132.45 and its two-hundred day moving average is $132.16.

Hedge Funds Weigh In On FTAI Aviation

Several hedge funds and other institutional investors have recently modified their holdings of FTAI. Brown Brothers Harriman & Co. bought a new stake in shares of FTAI Aviation during the 3rd quarter valued at $26,000. Anchor Investment Management LLC acquired a new stake in shares of FTAI Aviation during the third quarter worth $31,000. Private Trust Co. NA grew its holdings in shares of FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after buying an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FTAI Aviation in the fourth quarter worth $36,000. Finally, Farther Finance Advisors LLC increased its position in shares of FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 189 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

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.