Diametric Capital LP Has $603,000 Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Diametric Capital LP reduced its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 35.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,189 shares of the financial services provider’s stock after selling 2,330 shares during the quarter. Diametric Capital LP’s holdings in FTAI Aviation were worth $603,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Sara Bay Financial bought a new position in shares of FTAI Aviation in the fourth quarter worth about $547,000. Ibex Wealth Advisors acquired a new position in FTAI Aviation during the 4th quarter worth approximately $3,518,000. Luxor Capital Group LP bought a new position in FTAI Aviation in the 3rd quarter valued at approximately $1,298,000. Rhumbline Advisers boosted its position in FTAI Aviation by 2.2% in the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock valued at $20,464,000 after buying an additional 3,121 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its stake in shares of FTAI Aviation by 77.1% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock worth $944,000 after buying an additional 2,853 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. BTIG Research increased their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Stifel Nicolaus restated a “hold” rating and set a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. Finally, Compass Point boosted their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.67.

FTAI Aviation Stock Performance

NYSE:FTAI opened at $111.03 on Tuesday. FTAI Aviation Ltd. has a 52 week low of $65.00 and a 52 week high of $181.64. The firm’s fifty day moving average is $111.61 and its 200-day moving average is $133.12. The firm has a market cap of $11.39 billion, a P/E ratio of -1,110.19 and a beta of 2.06.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.08%. FTAI Aviation’s payout ratio is currently -342.86%.

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.