Balyasny Asset Management L.P. Sells 165,730 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Balyasny Asset Management L.P. reduced its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 80.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,489 shares of the financial services provider’s stock after selling 165,730 shares during the quarter. Balyasny Asset Management L.P.’s holdings in FTAI Aviation were worth $5,976,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FTAI. Transce3nd LLC bought a new position in shares of FTAI Aviation in the 4th quarter valued at $29,000. Kapitalo Investimentos Ltda acquired a new stake in shares of FTAI Aviation during the fourth quarter valued at about $30,000. 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 purchasing an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $36,000. Finally, Blue Trust Inc. bought a new position in FTAI Aviation in the 4th quarter valued at approximately $56,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FTAI Aviation news, CEO Joseph P. Jr. Adams acquired 3,000 shares of FTAI Aviation stock in a transaction dated Friday, May 2nd. The stock was purchased at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the acquisition, the chief executive officer now directly owns 341,852 shares of the company’s stock, valued at $32,318,688.08. This represents a 0.89 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stacy Kuperus bought 1,087 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were acquired at an average cost of $92.90 per share, with a total value of $100,982.30. Following the completion of the transaction, the insider now owns 88,423 shares of the company’s stock, valued at $8,214,496.70. This represents a 1.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 10,667 shares of company stock worth $1,008,715. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on FTAI. Citigroup restated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. JMP Securities lowered their target price on FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating for the company in a research report on Thursday. Royal Bank of Canada reduced their price target on FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Citizens Jmp upgraded FTAI Aviation to a “strong-buy” rating in a research report on Thursday. Finally, Morgan Stanley reduced their target price on FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.83.

FTAI Aviation Stock Down 2.6 %

Shares of FTAI stock opened at $107.12 on Friday. FTAI Aviation Ltd. has a 52 week low of $75.06 and a 52 week high of $181.64. The firm has a 50 day moving average of $103.06 and a 200-day moving average of $125.32. The company has a market cap of $10.99 billion, a price-to-earnings ratio of -1,071.09 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share 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%. During the same quarter in the prior year, the company earned $0.31 earnings per share. The firm’s revenue was up 53.7% on a year-over-year basis. Analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, May 16th. FTAI Aviation’s dividend payout ratio (DPR) is currently 571.43%.

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.