Pennington Partners & CO. LLC Takes $1.33 Million Position in FTAI Aviation Ltd. (NYSE:FTAI)

Pennington Partners & CO. LLC purchased a new stake in FTAI Aviation Ltd. (NYSE:FTAI) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,245 shares of the financial services provider’s stock, valued at approximately $1,332,000. FTAI Aviation comprises 0.7% of Pennington Partners & CO. LLC’s investment portfolio, making the stock its 19th biggest holding.

Several other hedge funds also recently modified their holdings of FTAI. Appian Way Asset Management LP bought a new stake in FTAI Aviation in the 4th quarter valued at $9,252,000. Gallo Partners LP acquired a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $1,436,000. Kapitalo Investimentos Ltda acquired a new position in shares of FTAI Aviation in the fourth quarter valued at $30,000. PDT Partners LLC boosted its stake in FTAI Aviation by 1,367.3% during the fourth quarter. PDT Partners LLC now owns 30,814 shares of the financial services provider’s stock worth $4,438,000 after buying an additional 28,714 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of FTAI Aviation by 1,543.2% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 57,512 shares of the financial services provider’s stock valued at $8,284,000 after buying an additional 54,012 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Price Performance

FTAI opened at $86.90 on Friday. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of -868.91 and a beta of 1.79. The business’s 50-day moving average price is $105.85 and its two-hundred day moving average price is $127.05. FTAI Aviation Ltd. has a 1 year low of $73.03 and a 1 year high of $181.64.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company’s revenue was up 53.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. Sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were paid a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.38%. FTAI Aviation’s payout ratio is currently -342.86%.

Analyst Ratings Changes

FTAI has been the subject of a number of analyst reports. Morgan Stanley cut 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 note on Friday, April 11th. 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 report on Friday, January 10th. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Finally, StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $170.33.

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.