Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) Director Martin Tuchman Acquires 200,000 Shares

Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) Director Martin Tuchman acquired 200,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of $25.00 per share, with a total value of $5,000,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Martin Tuchman also recently made the following trade(s):

  • On Wednesday, September 11th, Martin Tuchman bought 10,000 shares of Fortress Transprtn and Infr Investrs stock. The stock was purchased at an average cost of $25.75 per share, with a total value of $257,500.00.
  • On Monday, September 9th, Martin Tuchman bought 19,900 shares of Fortress Transprtn and Infr Investrs stock. The shares were purchased at an average price of $25.69 per share, for a total transaction of $511,231.00.
  • On Friday, September 6th, Martin Tuchman bought 5,500 shares of Fortress Transprtn and Infr Investrs stock. The shares were purchased at an average price of $25.40 per share, for a total transaction of $139,700.00.

FTAI opened at $18.25 on Wednesday. Fortress Transprtn and Infr Investrs LLC has a 12-month low of $12.84 and a 12-month high of $18.26. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 165.91 and a beta of 1.12. The business has a 50 day moving average of $16.54 and a 200-day moving average of $15.58. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.04.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last posted its earnings results on Thursday, October 31st. The financial services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.09. The business had revenue of $162.20 million for the quarter, compared to analyst estimates of $162.98 million. Fortress Transprtn and Infr Investrs had a return on equity of 3.62% and a net margin of 6.97%. During the same period in the previous year, the firm earned $0.08 EPS. The firm’s revenue was up 60.3% compared to the same quarter last year. As a group, analysts expect that Fortress Transprtn and Infr Investrs LLC will post 0.5 earnings per share for the current year.

The firm also recently declared a dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a dividend of $0.33 per share. This is an increase from Fortress Transprtn and Infr Investrs’s previous dividend of $0.15. The ex-dividend date was Thursday, November 14th. Fortress Transprtn and Infr Investrs’s dividend payout ratio (DPR) is currently 1,200.00%.

A number of hedge funds have recently added to or reduced their stakes in the business. Ardsley Advisory Partners LP increased its holdings in shares of Fortress Transprtn and Infr Investrs by 5.3% in the second quarter. Ardsley Advisory Partners LP now owns 2,028,067 shares of the financial services provider’s stock valued at $30,583,000 after purchasing an additional 101,317 shares during the last quarter. American Assets Capital Advisers LLC lifted its stake in shares of Fortress Transprtn and Infr Investrs by 5.6% during the 3rd quarter. American Assets Capital Advisers LLC now owns 1,413,656 shares of the financial services provider’s stock worth $21,417,000 after buying an additional 75,522 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Fortress Transprtn and Infr Investrs by 32.6% during the 2nd quarter. Morgan Stanley now owns 1,150,463 shares of the financial services provider’s stock worth $17,372,000 after buying an additional 282,720 shares during the period. Bank of America Corp DE boosted its holdings in shares of Fortress Transprtn and Infr Investrs by 14.3% during the 2nd quarter. Bank of America Corp DE now owns 726,019 shares of the financial services provider’s stock worth $10,962,000 after buying an additional 90,975 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Fortress Transprtn and Infr Investrs by 21.0% during the 2nd quarter. Wells Fargo & Company MN now owns 449,545 shares of the financial services provider’s stock worth $6,788,000 after buying an additional 78,090 shares during the period. 33.26% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on FTAI shares. B. Riley started coverage on shares of Fortress Transprtn and Infr Investrs in a research note on Tuesday, November 26th. They issued a “buy” rating and a $23.00 price target for the company. Zacks Investment Research downgraded shares of Fortress Transprtn and Infr Investrs from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 28th. BTIG Research initiated coverage on shares of Fortress Transprtn and Infr Investrs in a research note on Monday. They set a “buy” rating and a $25.00 price objective on the stock. Finally, Stifel Nicolaus initiated coverage on shares of Fortress Transprtn and Infr Investrs in a report on Tuesday, November 26th. They issued a “buy” rating and a $22.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Fortress Transprtn and Infr Investrs currently has an average rating of “Buy” and an average price target of $21.20.

About Fortress Transprtn and Infr Investrs

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

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