Two Seas Capital LP Buys 63,181 Shares of FTAI Aviation Ltd. $FTAI

Two Seas Capital LP grew its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 54.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 178,844 shares of the financial services provider’s stock after acquiring an additional 63,181 shares during the quarter. FTAI Aviation comprises approximately 0.3% of Two Seas Capital LP’s portfolio, making the stock its 16th biggest position. Two Seas Capital LP owned approximately 0.17% of FTAI Aviation worth $20,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Virtus Advisers LLC purchased a new stake in FTAI Aviation during the 1st quarter valued at about $29,000. Parallel Advisors LLC grew its holdings in shares of FTAI Aviation by 78.5% during the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $35,000 after buying an additional 135 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of FTAI Aviation during the second quarter valued at approximately $60,000. Assetmark Inc. increased its position in shares of FTAI Aviation by 15.8% during the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 87 shares in the last quarter. Finally, Costello Asset Management INC purchased a new position in FTAI Aviation in the 1st quarter worth approximately $80,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Insiders Place Their Bets

In related news, COO David Moreno purchased 4,354 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average price of $153.89 per share, with a total value of $670,037.06. Following the completion of the acquisition, the chief operating officer owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

FTAI Aviation Trading Up 1.7%

FTAI opened at $170.99 on Thursday. The company’s 50 day moving average is $167.91 and its 200 day moving average is $146.06. The company has a market cap of $17.54 billion, a price-to-earnings ratio of 39.04 and a beta of 1.56. FTAI Aviation Ltd. has a 12-month low of $75.06 and a 12-month high of $194.36.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results 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). The business had revenue of $667.06 million during the quarter, compared to the consensus estimate of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The firm’s revenue was up 43.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. As a group, analysts predict 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 Wednesday, November 19th. Investors of record on Monday, November 10th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.96%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Wall Street Zen downgraded shares of FTAI Aviation from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Morgan Stanley lifted their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Jones Trading began coverage on shares of FTAI Aviation in a report on Friday, October 10th. They issued a “buy” rating and a $306.00 target price on the stock. Finally, BTIG Research reaffirmed a “buy” rating and issued a $230.00 target price on shares of FTAI Aviation in a research report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $201.11.

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.