Caitong International Asset Management Co. Ltd Buys 923 Shares of FTAI Aviation Ltd. $FTAI

Caitong International Asset Management Co. Ltd lifted its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 3,692.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 948 shares of the financial services provider’s stock after purchasing an additional 923 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in FTAI Aviation were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of FTAI Aviation by 159.6% in the 1st quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock worth $260,658,000 after purchasing an additional 1,443,440 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of FTAI Aviation by 30.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 964,529 shares of the financial services provider’s stock worth $107,092,000 after purchasing an additional 225,920 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of FTAI Aviation by 23.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 832,984 shares of the financial services provider’s stock worth $92,486,000 after purchasing an additional 156,019 shares in the last quarter. Long Focus Capital Management LLC boosted its position in shares of FTAI Aviation by 64.6% in the 1st quarter. Long Focus Capital Management LLC now owns 790,000 shares of the financial services provider’s stock worth $87,714,000 after purchasing an additional 310,000 shares in the last quarter. Finally, Empyrean Capital Partners LP bought a new stake in shares of FTAI Aviation in the 1st quarter worth approximately $61,546,000. 88.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FTAI shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $185.00 price target on shares of FTAI Aviation in a research report on Thursday, October 16th. JMP Securities boosted their price objective on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 6th. Jones Trading initiated coverage on shares of FTAI Aviation in a report on Friday, October 10th. They issued a “buy” rating and a $306.00 price objective for the company. Weiss Ratings restated a “buy (b-)” rating on shares of FTAI Aviation in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $205.00.

FTAI Aviation Trading Up 2.1%

Shares of FTAI opened at $181.96 on Friday. The firm has a market cap of $18.66 billion, a PE ratio of 45.04 and a beta of 1.70. The firm has a fifty day simple moving average of $165.14 and a two-hundred day simple moving average of $133.32. FTAI Aviation Ltd. has a 1-year low of $75.06 and a 1-year high of $184.44.

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

FTAI Aviation Dividend Announcement

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

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.