Emerald Mutual Fund Advisers Trust reduced its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 31.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 453,869 shares of the financial services provider's stock after selling 203,486 shares during the period. FTAI Aviation makes up about 3.2% of Emerald Mutual Fund Advisers Trust's investment portfolio, making the stock its largest position. Emerald Mutual Fund Advisers Trust owned about 0.45% of FTAI Aviation worth $60,319,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in FTAI. Farther Finance Advisors LLC increased its position in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 189 shares during the period. Nicholas Hoffman & Company LLC. bought a new stake in shares of FTAI Aviation during the third quarter valued at approximately $266,000. Motiv8 Investments LLC bought a new stake in shares of FTAI Aviation during the third quarter valued at approximately $225,000. Clear Harbor Asset Management LLC increased its position in shares of FTAI Aviation by 1.4% during the third quarter. Clear Harbor Asset Management LLC now owns 24,575 shares of the financial services provider's stock valued at $3,266,000 after purchasing an additional 350 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of FTAI Aviation by 14,553.9% during the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider's stock valued at $74,959,000 after purchasing an additional 560,179 shares during the period. 88.96% of the stock is owned by institutional investors.
A number of research firms have recently issued reports on FTAI. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and boosted their price objective for the company from $69.00 to $132.00 in a research report on Friday, July 26th. Jefferies Financial Group boosted their price target on FTAI Aviation from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Barclays boosted their price target on FTAI Aviation from $110.00 to $135.00 and gave the company an "overweight" rating in a research note on Friday. Compass Point boosted their price target on FTAI Aviation from $118.00 to $156.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Finally, JMP Securities boosted their price target on FTAI Aviation from $90.00 to $132.00 and gave the company a "market outperform" rating in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has issued 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 an average target price of $162.09.
Check Out Our Latest Report on FTAI Aviation
FTAI Aviation stock opened at $142.46 on Friday. The firm has a market cap of $14.56 billion, a P/E ratio of -1,424.46 and a beta of 2.04. The business's fifty day moving average is $132.60 and its two-hundred day moving average is $106.29. FTAI Aviation Ltd. has a 52 week low of $38.57 and a 52 week high of $149.74.
FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.01). The business had revenue of $465.80 million during 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%. FTAI Aviation's revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. On average, equities research analysts predict that FTAI Aviation Ltd. will post 2.17 earnings per share for the current year.
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.
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