Gateway Wealth Partners LLC Grows Position in FTAI Aviation Ltd. $FTAI

Gateway Wealth Partners LLC increased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 94.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,942 shares of the financial services provider’s stock after purchasing an additional 7,752 shares during the period. Gateway Wealth Partners LLC’s holdings in FTAI Aviation were worth $3,906,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd bought a new position in shares of FTAI Aviation during the first quarter valued at approximately $1,313,000. M&T Bank Corp lifted its stake in shares of FTAI Aviation by 323.6% during the 4th quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock worth $3,172,000 after acquiring an additional 12,308 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of FTAI Aviation during the 1st quarter worth approximately $7,217,000. Trek Financial LLC purchased a new position in FTAI Aviation during the 4th quarter valued at $3,936,000. Finally, Swiss National Bank boosted its holdings in FTAI Aviation by 48.9% during the 1st quarter. Swiss National Bank now owns 301,000 shares of the financial services provider’s stock valued at $73,745,000 after acquiring an additional 98,808 shares during the period. 88.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FTAI Aviation

In related news, Director Martin Tuchman sold 143,584 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $242.44, for a total value of $34,810,504.96. Following the completion of the sale, the director directly owned 236,302 shares of the company’s stock, valued at $57,289,056.88. This represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the sale, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 254,515 shares of company stock worth $61,599,445. Insiders own 1.35% of the company’s stock.

FTAI Aviation Stock Down 0.8%

Shares of NASDAQ:FTAI opened at $214.15 on Tuesday. The business’s 50 day moving average is $241.77 and its 200 day moving average is $254.48. The stock has a market cap of $21.97 billion, a P/E ratio of 42.49, a price-to-earnings-growth ratio of 0.87 and a beta of 1.46. FTAI Aviation Ltd. has a 52-week low of $113.43 and a 52-week high of $323.51. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The firm had revenue of $830.70 million for the quarter. During the same period in the previous year, the business posted $0.87 earnings per share. The firm’s quarterly revenue was up 65.4% compared to the same quarter last year. Sell-side analysts predict that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on FTAI shares. Weiss Ratings upgraded FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Royal Bank Of Canada lowered their target price on shares of FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Citizens Jmp started coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a research note on Sunday, May 3rd. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and an average target price of $334.38.

FTAI Aviation Company 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.