Y Intercept Hong Kong Ltd Has $16.90 Million Stake in FTAI Aviation Ltd. $FTAI

Y Intercept Hong Kong Ltd boosted its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 54.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,829 shares of the financial services provider’s stock after purchasing an additional 30,409 shares during the period. FTAI Aviation comprises approximately 0.4% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 23rd biggest position. Y Intercept Hong Kong Ltd’s holdings in FTAI Aviation were worth $16,895,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Corp increased its holdings in FTAI Aviation by 131.9% in the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 182 shares during the period. Covestor Ltd increased its holdings in FTAI Aviation by 338.6% in the fourth quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 298 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in FTAI Aviation by 88.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 227 shares during the period. Rossby Financial LCC increased its holdings in FTAI Aviation by 13.6% in the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 65 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in FTAI Aviation by 75.8% in the fourth quarter. Global Retirement Partners LLC now owns 603 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 260 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FTAI shares. BTIG Research increased their price objective on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a report on Friday, March 13th. Barclays increased their price objective on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Jefferies Financial Group reiterated a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a report on Sunday, May 3rd. Morgan Stanley reiterated an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a report on Friday, May 8th. Finally, Weiss Ratings downgraded FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.88.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $241.96 on Friday. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The business has a 50-day moving average price of $248.12 and a two-hundred day moving average price of $240.74. FTAI Aviation Ltd. has a 1-year low of $108.47 and a 1-year high of $323.51. The company has a market cap of $24.82 billion, a P/E ratio of 48.01, a PEG ratio of 0.97 and a beta of 1.47.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly 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 return on equity of 181.43% and a net margin of 18.92%.The business had revenue of $830.70 million for the quarter. During the same period in the prior year, the firm posted $0.87 EPS. The company’s revenue for the quarter was up 65.4% on a year-over-year basis. As a group, analysts anticipate that FTAI Aviation Ltd. will post 6.77 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.75%.

Insider Transactions at FTAI Aviation

In other news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the transaction, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. This represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Martin Tuchman sold 67,500 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the transaction, the director directly owned 210,491 shares in the company, valued at $50,936,717.09. This trade represents a 24.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 254,515 shares of company stock valued at $61,599,445. Company insiders own 1.35% of the company’s stock.

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.