FTAI Aviation Ltd. $FTAI Stake Trimmed by Kazazian Asset Management LLC

Kazazian Asset Management LLC cut its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 68.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the financial services provider’s stock after selling 11,000 shares during the quarter. FTAI Aviation accounts for 0.8% of Kazazian Asset Management LLC’s portfolio, making the stock its 24th largest position. Kazazian Asset Management LLC’s holdings in FTAI Aviation were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in FTAI Aviation by 159.6% in the 1st quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock worth $260,658,000 after purchasing an additional 1,443,440 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in FTAI Aviation by 30.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 964,529 shares of the financial services provider’s stock valued at $107,092,000 after acquiring an additional 225,920 shares during the last quarter. Goldman Sachs Group Inc. grew its position in FTAI Aviation by 23.0% in the first quarter. Goldman Sachs Group Inc. now owns 832,984 shares of the financial services provider’s stock worth $92,486,000 after acquiring an additional 156,019 shares in the last quarter. Long Focus Capital Management LLC increased its stake in shares of FTAI Aviation by 64.6% in the first quarter. Long Focus Capital Management LLC now owns 790,000 shares of the financial services provider’s stock worth $87,714,000 after purchasing an additional 310,000 shares during the period. Finally, Empyrean Capital Partners LP acquired a new stake in FTAI Aviation in the 1st quarter valued at approximately $61,546,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

NASDAQ:FTAI opened at $158.30 on Monday. The business’s 50-day simple moving average is $170.37 and its 200-day simple moving average is $141.18. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $194.36. The stock has a market capitalization of $16.24 billion, a PE ratio of 36.14 and a beta of 1.67.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The firm had revenue of $667.06 million during the quarter, compared to the consensus estimate of $662.51 million. During the same quarter last year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was up 43.2% on a year-over-year basis. On average, research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. FTAI Aviation’s dividend payout ratio is presently 31.96%.

Insider Transactions at FTAI Aviation

In other news, COO David Moreno bought 4,354 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was bought at an average price of $153.89 per share, with a total value of $670,037.06. Following the completion of the acquisition, the chief operating officer owned 4,354 shares of the company’s stock, valued at $670,037.06. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on FTAI shares. BTIG Research restated a “buy” rating and issued a $230.00 price target on shares of FTAI Aviation in a research report on Monday, October 20th. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. Barclays raised their target price on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Wall Street Zen downgraded shares of FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of FTAI Aviation in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $201.11.

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.