FTAI Infrastructure Inc. $FIP Shares Sold by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC reduced its position in FTAI Infrastructure Inc. (NASDAQ:FIP) by 27.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,287,999 shares of the company’s stock after selling 478,696 shares during the quarter. FTAI Infrastructure comprises approximately 5.9% of American Assets Capital Advisers LLC’s investment portfolio, making the stock its 5th biggest holding. American Assets Capital Advisers LLC’s holdings in FTAI Infrastructure were worth $5,616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stephens Inc. AR increased its position in FTAI Infrastructure by 38.7% during the 2nd quarter. Stephens Inc. AR now owns 46,410 shares of the company’s stock valued at $286,000 after buying an additional 12,960 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of FTAI Infrastructure in the 2nd quarter valued at approximately $41,000. Envestnet Asset Management Inc. acquired a new stake in FTAI Infrastructure in the 2nd quarter worth approximately $170,000. Bessemer Group Inc. grew its position in FTAI Infrastructure by 14,492.8% during the 2nd quarter. Bessemer Group Inc. now owns 10,069 shares of the company’s stock worth $62,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in FTAI Infrastructure by 423.5% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 147,334 shares of the company’s stock valued at $909,000 after purchasing an additional 119,192 shares in the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of FTAI Infrastructure in a report on Thursday, January 22nd. BTIG Research increased their price objective on FTAI Infrastructure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.00.

FTAI Infrastructure Stock Performance

Shares of FIP stock opened at $5.80 on Tuesday. FTAI Infrastructure Inc. has a 52-week low of $3.10 and a 52-week high of $7.93. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 110.28. The stock has a market cap of $674.48 million, a PE ratio of -2.36 and a beta of 1.86. The business has a 50-day simple moving average of $5.09 and a 200-day simple moving average of $5.12.

FTAI Infrastructure Company Profile

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.