Occam Crest Management LP Has $13.48 Million Holdings in FTAI Aviation Ltd. $FTAI

Occam Crest Management LP grew its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,500 shares of the financial services provider’s stock after acquiring an additional 3,500 shares during the period. FTAI Aviation accounts for approximately 9.4% of Occam Crest Management LP’s holdings, making the stock its 3rd largest position. Occam Crest Management LP owned approximately 0.07% of FTAI Aviation worth $13,484,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FTAI. Capital World Investors grew its holdings in FTAI Aviation by 41.1% during the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after purchasing an additional 2,596,265 shares during the period. Norges Bank bought a new position in FTAI Aviation during the fourth quarter worth about $262,393,000. Northern Right Capital Management L.P. grew its holdings in FTAI Aviation by 884.1% during the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after purchasing an additional 795,675 shares during the period. Rubric Capital Management LP grew its holdings in FTAI Aviation by 28.3% during the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after purchasing an additional 749,080 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in FTAI Aviation by 396.7% during the third quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock worth $138,730,000 after purchasing an additional 664,037 shares during the period. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Up 8.9%

Shares of NASDAQ:FTAI opened at $263.52 on Tuesday. The company has a fifty day moving average of $248.54 and a 200-day moving average of $242.00. The company has a market capitalization of $27.03 billion, a PE ratio of 52.29, a price-to-earnings-growth ratio of 0.97 and a beta of 1.47. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. FTAI Aviation Ltd. has a 52-week low of $108.47 and a 52-week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter. During the same period in the previous year, the business earned $0.87 EPS. The business’s quarterly revenue was up 65.4% on a year-over-year basis. On average, equities analysts predict that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on FTAI. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Barclays raised their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. BTIG Research raised their price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Jefferies Financial Group restated a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a research report on Sunday, May 3rd. Finally, Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $326.88.

Insider Buying and Selling at FTAI Aviation

In related news, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the sale, the director owned 3,012 shares of the company’s stock, valued at $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Martin Tuchman sold 67,500 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the completion of the sale, the director directly owned 210,491 shares in the company, valued at approximately $50,936,717.09. This represents a 24.28% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 254,515 shares of company stock worth $61,599,445. 1.35% of the stock is currently owned by insiders.

FTAI Aviation 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.