American Assets Capital Advisers LLC Sells 4,450 Shares of FTAI Aviation Ltd. $FTAI

American Assets Capital Advisers LLC reduced its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 9.4% in the 3rd quarter, Holdings Channel reports. The firm owned 42,838 shares of the financial services provider’s stock after selling 4,450 shares during the period. FTAI Aviation accounts for approximately 7.5% of American Assets Capital Advisers LLC’s holdings, making the stock its 2nd largest position. American Assets Capital Advisers LLC’s holdings in FTAI Aviation were worth $7,148,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Rubric Capital Management LP lifted its position in shares of FTAI Aviation by 28.3% during the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after buying an additional 749,080 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in FTAI Aviation by 67.4% during the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock worth $353,839,000 after acquiring an additional 1,238,294 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in FTAI Aviation by 5.9% during the second quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider’s stock worth $246,718,000 after acquiring an additional 119,237 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of FTAI Aviation by 1.2% in the second quarter. Westfield Capital Management Co. LP now owns 1,915,411 shares of the financial services provider’s stock worth $220,349,000 after acquiring an additional 22,960 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of FTAI Aviation in the 2nd quarter valued at approximately $142,012,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Stock Up 0.8%

NASDAQ FTAI opened at $274.39 on Tuesday. The company has a market capitalization of $28.14 billion, a price-to-earnings ratio of 62.65 and a beta of 1.53. FTAI Aviation Ltd. has a twelve month low of $81.45 and a twelve month high of $310.00. The stock has a fifty day simple moving average of $213.78 and a 200 day simple moving average of $176.99.

Insider Buying and Selling at FTAI Aviation

In related news, COO David Moreno acquired 4,354 shares of the stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the transaction, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at $670,037.06. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FTAI shares. Wall Street Zen downgraded shares of FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Jones Trading began coverage on shares of FTAI Aviation in a report on Friday, October 10th. They set a “buy” rating and a $306.00 price target for the company. BTIG Research raised their price objective on FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Finally, Citizens Jmp upped their target price on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a report on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $266.11.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.