Nicholas Investment Partners LP Has $12.17 Million Stock Holdings in FTAI Aviation Ltd. $FTAI

Nicholas Investment Partners LP lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,822 shares of the financial services provider’s stock after purchasing an additional 3,704 shares during the period. Nicholas Investment Partners LP owned approximately 0.06% of FTAI Aviation worth $12,170,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Greenline Wealth Management LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter worth $50,000. First Horizon Corp raised its position in shares of FTAI Aviation by 131.9% during the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 182 shares during the period. Covestor Ltd raised its position in shares of FTAI Aviation by 338.6% during the fourth quarter. Covestor Ltd now owns 386 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 298 shares during the period. Rossby Financial LCC raised its position in shares of FTAI Aviation by 13.6% during the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 65 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of FTAI Aviation by 88.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 485 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 227 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Trading Up 0.3%

NASDAQ FTAI opened at $241.96 on Friday. FTAI Aviation Ltd. has a 1-year low of $108.47 and a 1-year high of $323.51. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The company has a market capitalization of $24.82 billion, a PE ratio of 48.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.47. The firm’s fifty day simple moving average is $248.12 and its 200-day simple moving average is $240.74.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The company had revenue of $830.70 million during the quarter. During the same quarter in the previous year, the business earned $0.87 earnings per share. The company’s revenue was up 65.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that FTAI Aviation Ltd. will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is presently 31.75%.

Analyst Ratings Changes

FTAI has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a research note on Sunday, May 3rd. Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 27th. Morgan Stanley reissued an “overweight” rating and set a $319.00 target price on shares of FTAI Aviation in a research note on Friday, May 8th. BTIG Research boosted their target price on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Finally, Barclays boosted their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $326.88.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the transaction, the director directly owned 3,012 shares of the company’s stock, valued at $764,716.68. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Martin Tuchman sold 143,584 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the transaction, the director directly owned 236,302 shares in the company, valued at $57,289,056.88. The trade was a 37.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 254,515 shares of company stock worth $61,599,445 over the last three months. Company insiders own 1.35% of the company’s stock.

About FTAI Aviation

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.