FTAI Aviation (NYSE:FTAI) Shares Down 9.2% – Time to Sell?

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price was down 9.2% during mid-day trading on Friday . The company traded as low as $130.72 and last traded at $130.53. Approximately 1,417,332 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 4,035,473 shares. The stock had previously closed at $143.82.

Wall Street Analyst Weigh In

Several analysts have issued reports on FTAI shares. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. Barclays upped their target price on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Stifel Nicolaus dropped their target price on FTAI Aviation from $167.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Citigroup upped their target price on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, BTIG Research increased their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $171.75.

FTAI Aviation Stock Performance

The company has a 50 day moving average of $124.96 and a 200-day moving average of $132.87. The stock has a market cap of $13.28 billion, a price-to-earnings ratio of -1,294.74 and a beta of 2.05.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds have recently bought and sold shares of the stock. Capital International Investors raised its position in FTAI Aviation by 39.7% in the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider’s stock valued at $1,537,940,000 after purchasing an additional 3,034,838 shares in the last quarter. Vanguard Group Inc. raised its position in FTAI Aviation by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider’s stock valued at $1,519,325,000 after purchasing an additional 184,730 shares in the last quarter. Geode Capital Management LLC raised its position in FTAI Aviation by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after purchasing an additional 61,897 shares in the last quarter. State Street Corp raised its position in shares of FTAI Aviation by 1.7% during the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock worth $308,999,000 after acquiring an additional 38,279 shares in the last quarter. Finally, Hood River Capital Management LLC raised its position in shares of FTAI Aviation by 8.0% during the 4th quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider’s stock worth $298,137,000 after acquiring an additional 153,909 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

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.