Caitong International Asset Management Co. Ltd Increases Holdings in FTAI Aviation Ltd. $FTAI

Caitong International Asset Management Co. Ltd grew its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 3,692.0% in the second quarter, HoldingsChannel reports. The fund 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 and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Virtus Advisers LLC bought a new stake in shares of FTAI Aviation during the 1st quarter valued at $29,000. Parallel Advisors LLC grew its position in shares of FTAI Aviation by 78.5% during the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 135 shares during the period. Rossby Financial LCC bought a new stake in shares of FTAI Aviation during the 1st quarter valued at $45,000. GAMMA Investing LLC grew its position in shares of FTAI Aviation by 124.1% during the 1st quarter. GAMMA Investing LLC now owns 428 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 237 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of FTAI Aviation during the 1st quarter valued at $53,000. Institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FTAI. Royal Bank Of Canada reissued an “outperform” rating and set a $185.00 price objective on shares of FTAI Aviation in a research report on Thursday, October 16th. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a research report on Thursday, July 10th. 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 target price for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FTAI Aviation in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, FTAI Aviation has a consensus rating of “Buy” and a consensus price target of $205.00.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $181.96 on Friday. The company has a market capitalization of $18.66 billion, a P/E ratio of 45.04 and a beta of 1.70. The company has a fifty day moving average of $165.14 and a 200 day moving average of $133.32. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $184.44.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.24. The company had revenue of $676.24 million during the quarter, compared to the consensus estimate of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. FTAI Aviation’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) EPS. Analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

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

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.