Castleark Management LLC Decreases Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Castleark Management LLC lowered its position in FTAI Aviation Ltd. (NYSE:FTAI) by 26.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,170 shares of the financial services provider’s stock after selling 30,830 shares during the quarter. Castleark Management LLC owned 0.08% of FTAI Aviation worth $12,124,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of FTAI Aviation by 73.5% in the 3rd quarter. Barclays PLC now owns 214,610 shares of the financial services provider’s stock valued at $28,520,000 after purchasing an additional 90,905 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in FTAI Aviation by 8.5% in the 4th quarter. Park Avenue Securities LLC now owns 2,187 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 172 shares during the period. Merit Financial Group LLC boosted its stake in shares of FTAI Aviation by 2.5% in the fourth quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock valued at $613,000 after purchasing an additional 105 shares during the period. Diversify Advisory Services LLC increased its position in shares of FTAI Aviation by 20.9% during the fourth quarter. Diversify Advisory Services LLC now owns 4,055 shares of the financial services provider’s stock worth $584,000 after acquiring an additional 700 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in FTAI Aviation by 7.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 161 shares during the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $119.30 on Wednesday. The business’s 50 day simple moving average is $104.92 and its 200 day simple moving average is $124.14. The firm has a market cap of $12.23 billion, a PE ratio of -1,192.88 and a beta of 1.64. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data 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 return on equity of 206.25% and a net margin of 1.59%. The company’s revenue was up 53.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 EPS. As a group, equities research analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, May 16th. FTAI Aviation’s dividend payout ratio is presently 571.43%.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, insider Stacy Kuperus bought 1,087 shares of FTAI Aviation stock in a transaction on Friday, May 2nd. The shares were purchased at an average price of $92.90 per share, with a total value of $100,982.30. Following the acquisition, the insider now owns 88,423 shares in the company, valued at $8,214,496.70. This trade represents a 1.24% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David Moreno bought 6,580 shares of the stock in a transaction on Friday, May 2nd. The shares were acquired at an average cost of $94.85 per share, with a total value of $624,113.00. Following the purchase, the chief operating officer now owns 231,623 shares of the company’s stock, valued at approximately $21,969,441.55. This represents a 2.92% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 10,667 shares of company stock valued at $1,008,715. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FTAI shares. Citizens Jmp raised shares of FTAI Aviation to a “strong-buy” rating in a report on Thursday, May 8th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Wednesday, April 23rd. Royal Bank of Canada cut their price objective on FTAI Aviation from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Morgan Stanley decreased their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, Barclays reduced their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.83.

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.