Newbrook Capital Advisors LP Trims Position in FTAI Aviation Ltd. $FTAI

Newbrook Capital Advisors LP lowered its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 27.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 455,258 shares of the financial services provider’s stock after selling 173,892 shares during the period. FTAI Aviation comprises 8.0% of Newbrook Capital Advisors LP’s holdings, making the stock its 3rd largest holding. Newbrook Capital Advisors LP owned about 0.44% of FTAI Aviation worth $50,547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Long Focus Capital Management LLC raised its position in shares of FTAI Aviation by 64.6% in the 1st quarter. Long Focus Capital Management LLC now owns 790,000 shares of the financial services provider’s stock worth $87,714,000 after acquiring an additional 310,000 shares in the last quarter. Panagora Asset Management Inc. grew its stake in FTAI Aviation by 35.0% during the first quarter. Panagora Asset Management Inc. now owns 96,596 shares of the financial services provider’s stock worth $10,725,000 after purchasing an additional 25,066 shares during the period. Hiddenite Capital Partners LP grew its stake in FTAI Aviation by 40.0% during the first quarter. Hiddenite Capital Partners LP now owns 70,000 shares of the financial services provider’s stock worth $7,772,000 after purchasing an additional 20,000 shares during the period. Vident Advisory LLC bought a new stake in FTAI Aviation in the first quarter worth approximately $323,000. Finally, Broad Bay Capital Management LP lifted its stake in FTAI Aviation by 26.8% in the first quarter. Broad Bay Capital Management LP now owns 236,173 shares of the financial services provider’s stock valued at $26,222,000 after buying an additional 49,885 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Down 1.0%

FTAI stock opened at $153.85 on Monday. The firm has a market capitalization of $15.78 billion, a PE ratio of 38.08 and a beta of 1.65. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $181.64. The stock’s 50 day moving average is $128.52 and its 200-day moving average is $117.80.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The business had revenue of $676.24 million during the quarter, compared to analyst estimates of $754.75 million. During the same period in the prior year, the firm posted ($2.26) EPS. FTAI Aviation’s quarterly revenue was up 52.4% compared to the same quarter last year. On average, equities research analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were issued a $0.30 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.8%. FTAI Aviation’s dividend payout ratio is currently 29.70%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FTAI. BTIG Research raised their price objective on shares of FTAI Aviation from $190.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, August 25th. Morgan Stanley upped their price objective on shares of FTAI Aviation from $138.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Citizens Jmp raised shares of FTAI Aviation to a “strong-buy” rating in a research report on Thursday, May 8th. Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Finally, Citigroup reissued a “buy” rating on shares of FTAI Aviation in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, FTAI Aviation has a consensus rating of “Buy” and a consensus price target of $182.83.

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.