Cannon Global Investment Management LLC Invests $1.12 Million in FTAI Aviation Ltd. (NYSE:FTAI)

Cannon Global Investment Management LLC purchased a new stake in FTAI Aviation Ltd. (NYSE:FTAI) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,400 shares of the financial services provider’s stock, valued at approximately $1,116,000. FTAI Aviation comprises about 1.8% of Cannon Global Investment Management LLC’s portfolio, making the stock its 11th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital International Investors purchased a new stake in FTAI Aviation in the 1st quarter worth about $274,052,000. American Century Companies Inc. raised its position in FTAI Aviation by 1,923.5% during the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after purchasing an additional 924,730 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of FTAI Aviation by 1,488.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after buying an additional 813,311 shares during the period. International Assets Investment Management LLC grew its position in shares of FTAI Aviation by 14,553.9% during the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock worth $74,959,000 after buying an additional 560,179 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of FTAI Aviation by 6.3% during the first quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock valued at $608,426,000 after buying an additional 533,381 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Up 6.0 %

Shares of FTAI Aviation stock traded up $8.02 during midday trading on Friday, hitting $142.46. The company had a trading volume of 2,497,481 shares, compared to its average volume of 1,166,260. The company has a fifty day simple moving average of $132.60 and a 200 day simple moving average of $106.29. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of -1,424.46 and a beta of 2.04. FTAI Aviation Ltd. has a 12-month low of $38.57 and a 12-month high of $149.74.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). The company had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The company’s quarterly revenue was up 60.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. As a group, analysts expect that FTAI Aviation Ltd. will post 2.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FTAI. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research note on Friday. Barclays increased their target price on FTAI Aviation from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday. Compass Point boosted their price target on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Citigroup upped their price objective on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus price target of $162.09.

FTAI Aviation Company Profile

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.