FTAI Aviation Ltd. $FTAI Position Lifted by Two Seas Capital LP

Two Seas Capital LP boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 9.0% in the 3rd quarter, Holdings Channel reports. The firm owned 271,260 shares of the financial services provider’s stock after acquiring an additional 22,298 shares during the quarter. FTAI Aviation accounts for about 0.5% of Two Seas Capital LP’s portfolio, making the stock its 21st largest position. Two Seas Capital LP’s holdings in FTAI Aviation were worth $45,309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FTAI. Renaissance Technologies LLC purchased a new stake in shares of FTAI Aviation during the first quarter worth $52,160,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in FTAI Aviation during the 1st quarter valued at about $46,517,000. National Pension Service raised its holdings in FTAI Aviation by 3,066.6% in the 2nd quarter. National Pension Service now owns 185,245 shares of the financial services provider’s stock valued at $50,114,000 after acquiring an additional 179,395 shares during the last quarter. Swiss National Bank lifted its stake in FTAI Aviation by 48.9% in the 1st quarter. Swiss National Bank now owns 301,000 shares of the financial services provider’s stock worth $73,745,000 after purchasing an additional 98,808 shares in the last quarter. Finally, Amundi boosted its holdings in shares of FTAI Aviation by 1,411.0% during the 1st quarter. Amundi now owns 105,319 shares of the financial services provider’s stock worth $25,803,000 after purchasing an additional 98,349 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Insider Buying and Selling

In other news, President David Moreno purchased 2,475 shares of the stock in a transaction dated Friday, July 31st. The stock was acquired at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the transaction, the president directly owned 199,490 shares in the company, valued at approximately $40,151,352.30. This represents a 1.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.35% of the stock is owned by company insiders.

FTAI Aviation Trading Up 8.9%

NASDAQ FTAI traded up $14.74 during trading hours on Tuesday, reaching $179.44. The company had a trading volume of 2,177,043 shares, compared to its average volume of 1,507,187. The company has a current ratio of 5.28, a quick ratio of 2.07 and a debt-to-equity ratio of 8.55. The stock has a market capitalization of $18.43 billion, a P/E ratio of 39.01, a price-to-earnings-growth ratio of 0.83 and a beta of 1.51. The stock has a 50-day moving average of $196.55 and a 200 day moving average of $227.69. FTAI Aviation Ltd. has a 1-year low of $149.50 and a 1-year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The company had revenue of $953.09 million during the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The business’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter last year, the business earned $1.57 earnings per share. As a group, research analysts anticipate that FTAI Aviation Ltd. will post 5.48 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio is 43.48%.

Analyst Ratings Changes

FTAI has been the topic of a number of recent research reports. Jefferies Financial Group reissued a “buy” rating and set a $325.00 price objective on shares of FTAI Aviation in a research note on Sunday, August 2nd. Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft set a $290.00 target price on shares of FTAI Aviation in a report on Friday, July 31st. Citizens Jmp started coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price target for the company. Finally, Barclays reduced their price target on shares of FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 15th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and an average price target of $315.67.

FTAI Aviation Profile

FTAI Aviation Ltd. is an aviation company focused on owning, leasing, and managing commercial aircraft and aircraft engines. The company provides aviation assets to airlines, aircraft leasing companies, maintenance, repair and overhaul providers, and other participants in the global aviation industry.

FTAI Aviation’s business includes aircraft and engine leasing, asset management, and the acquisition and sale of aviation equipment. Through its aviation products activities, the company also develops and sells proprietary aerospace products designed to improve engine performance, reliability, and maintenance economics, including solutions associated with the CFM56 engine platform.

The company serves customers across international aviation markets and manages assets used by airlines and operators in multiple regions.