Peregrine Capital Management LLC Sells 14,263 Shares of FTAI Aviation Ltd. $FTAI

Peregrine Capital Management LLC trimmed its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,735 shares of the financial services provider’s stock after selling 14,263 shares during the quarter. Peregrine Capital Management LLC’s holdings in FTAI Aviation were worth $13,334,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Capital World Investors grew its position in shares of FTAI Aviation by 17.3% during the 3rd quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock worth $1,054,649,000 after purchasing an additional 933,944 shares in the last quarter. Northern Right Capital Management L.P. raised its position in shares of FTAI Aviation by 884.1% in the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after buying an additional 795,675 shares in the last quarter. Rubric Capital Management LP boosted its stake in shares of FTAI Aviation by 28.3% in the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after buying an additional 749,080 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of FTAI Aviation by 396.7% in the third quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock valued at $138,730,000 after buying an additional 664,037 shares during the period. Finally, Oaktree Capital Management LP acquired a new stake in FTAI Aviation during the third quarter worth approximately $97,642,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FTAI. Jefferies Financial Group reaffirmed a “buy” rating and issued a $350.00 price objective on shares of FTAI Aviation in a report on Monday, February 9th. Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 16th. Citizens Jmp upped their price objective on shares of FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 29th. Finally, BTIG Research increased their price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.78.

FTAI Aviation Price Performance

Shares of FTAI stock traded up $5.38 during trading hours on Thursday, reaching $233.55. The company’s stock had a trading volume of 94,244 shares, compared to its average volume of 1,696,809. FTAI Aviation Ltd. has a fifty-two week low of $86.84 and a fifty-two week high of $323.51. The firm’s 50 day simple moving average is $261.06 and its 200-day simple moving average is $221.42. The company has a quick ratio of 2.30, a current ratio of 5.28 and a debt-to-equity ratio of 10.32. The company has a market capitalization of $23.96 billion, a price-to-earnings ratio of 50.55, a PEG ratio of 0.90 and a beta of 1.59.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The business had revenue of $662.03 million for the quarter, compared to the consensus estimate of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.FTAI Aviation’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 earnings per share. Sell-side analysts forecast that FTAI Aviation Ltd. will post 7.21 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 13th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.60 annualized dividend and a yield of 0.7%. FTAI Aviation’s payout ratio is presently 34.63%.

FTAI Aviation Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.