Axiom Investors LLC DE Lowers Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Axiom Investors LLC DE lessened its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 34.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,119 shares of the financial services provider’s stock after selling 41,881 shares during the quarter. Axiom Investors LLC DE owned about 0.08% of FTAI Aviation worth $11,540,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of FTAI. Zurcher Kantonalbank Zurich Cantonalbank raised its position in FTAI Aviation by 2.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,805 shares of the financial services provider’s stock worth $2,366,000 after buying an additional 397 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in FTAI Aviation by 56.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 159,843 shares of the financial services provider’s stock worth $21,243,000 after purchasing an additional 57,448 shares in the last quarter. Verition Fund Management LLC lifted its position in FTAI Aviation by 379.1% in the third quarter. Verition Fund Management LLC now owns 20,497 shares of the financial services provider’s stock valued at $2,724,000 after purchasing an additional 16,219 shares during the period. PDT Partners LLC purchased a new stake in FTAI Aviation in the 3rd quarter valued at approximately $279,000. Finally, Paloma Partners Management Co acquired a new position in FTAI Aviation during the 3rd quarter worth approximately $439,000. 88.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on FTAI. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Friday, January 10th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Saturday, March 15th. Compass Point upped their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $123.00 price target (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $173.67.

FTAI Aviation Trading Down 1.9 %

NYSE:FTAI opened at $112.36 on Monday. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of -1,123.49 and a beta of 2.06. FTAI Aviation Ltd. has a 12-month low of $65.00 and a 12-month high of $181.64. The company’s 50-day moving average is $111.63 and its two-hundred day moving average is $133.19.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation’s dividend payout ratio (DPR) is -342.86%.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.