Fortitude Advisory Group L.L.C. Buys 12,262 Shares of FTAI Aviation Ltd. $FTAI

Fortitude Advisory Group L.L.C. lifted its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 130.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,667 shares of the financial services provider’s stock after buying an additional 12,262 shares during the period. FTAI Aviation makes up approximately 1.4% of Fortitude Advisory Group L.L.C.’s investment portfolio, making the stock its 13th biggest position. Fortitude Advisory Group L.L.C.’s holdings in FTAI Aviation were worth $2,493,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FTAI. Wellington Management Group LLP boosted its stake in shares of FTAI Aviation by 159.6% in the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock valued at $260,658,000 after buying an additional 1,443,440 shares during the period. Empyrean Capital Partners LP bought a new stake in shares of FTAI Aviation in the first quarter valued at approximately $61,546,000. Sessa Capital IM L.P. acquired a new position in FTAI Aviation during the first quarter valued at approximately $44,412,000. Appian Way Asset Management LP raised its position in FTAI Aviation by 601.8% during the first quarter. Appian Way Asset Management LP now owns 450,780 shares of the financial services provider’s stock valued at $50,050,000 after purchasing an additional 386,549 shares in the last quarter. Finally, Nuveen LLC acquired a new position in FTAI Aviation during the first quarter valued at approximately $41,789,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Down 1.4%

NASDAQ FTAI opened at $169.68 on Friday. The company has a market capitalization of $17.40 billion, a price-to-earnings ratio of 42.00 and a beta of 1.70. The stock has a fifty day simple moving average of $154.72 and a 200 day simple moving average of $126.76. FTAI Aviation Ltd. has a twelve month low of $75.06 and a twelve month high of $184.44.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.24. The business had revenue of $676.24 million for the quarter, compared to analysts’ expectations of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The business’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($2.26) earnings per share. Research analysts expect that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation’s dividend payout ratio is 29.70%.

Wall Street Analyst Weigh In

FTAI has been the subject of several research analyst reports. JMP Securities boosted their price objective on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 6th. Citigroup restated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Weiss Ratings restated a “buy (b-)” rating on shares of FTAI Aviation in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Finally, BTIG Research boosted their price objective on shares of FTAI Aviation from $190.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, FTAI Aviation presently has an average rating of “Buy” and an average price target of $191.73.

FTAI Aviation 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.