Carnegie Investment Counsel Purchases Shares of 1,800 FTAI Aviation Ltd. $FTAI

Carnegie Investment Counsel acquired a new position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,800 shares of the financial services provider’s stock, valued at approximately $207,000.

Several other hedge funds also recently modified their holdings of FTAI. Wellington Management Group LLP increased its position 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 acquiring an additional 1,443,440 shares during the last quarter. Empyrean Capital Partners LP bought a new position in FTAI Aviation in the first quarter valued at approximately $61,546,000. Sessa Capital IM L.P. acquired a new position in shares of FTAI Aviation during the 1st quarter worth approximately $44,412,000. Appian Way Asset Management LP raised its stake in shares of FTAI Aviation by 601.8% during the 1st quarter. Appian Way Asset Management LP now owns 450,780 shares of the financial services provider’s stock worth $50,050,000 after purchasing an additional 386,549 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of FTAI Aviation during the 1st quarter worth approximately $41,789,000. Institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FTAI. JMP Securities upped their price target on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. Jones Trading started coverage on shares of FTAI Aviation in a research note on Friday, October 10th. They issued a “buy” rating and a $306.00 target price for the company. Morgan Stanley boosted their price target on FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen cut FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday. One research 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. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $209.00.

FTAI Aviation Price Performance

Shares of NASDAQ FTAI opened at $185.09 on Tuesday. The stock’s fifty day moving average price is $165.99 and its two-hundred day moving average price is $134.32. The firm has a market cap of $18.98 billion, a price-to-earnings ratio of 45.81 and a beta of 1.70. FTAI Aviation Ltd. has a one year low of $75.06 and a one year high of $189.22.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.During the same quarter last year, the firm posted $0.76 earnings per share. The company’s revenue was up 43.2% compared to the same quarter last year. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

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.