4,000 Shares in FTAI Aviation Ltd. (NYSE:FTAI) Bought by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC acquired a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,000 shares of the financial services provider’s stock, valued at approximately $269,000.

Other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its stake in shares of FTAI Aviation by 37.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 231 shares during the period. CWM LLC acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at about $43,000. USA Financial Formulas raised its stake in shares of FTAI Aviation by 1,684.6% in the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 1,533 shares during the period. Tucker Asset Management LLC raised its stake in shares of FTAI Aviation by 726.5% in the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 1,453 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at about $109,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Insider Activity

In other news, CEO Joseph P. Jr. Adams bought 59,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were bought at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the completion of the transaction, the chief executive officer now owns 197,382 shares of the company’s stock, valued at $16,185,324. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by company insiders.

FTAI Aviation Price Performance

NYSE FTAI traded up $7.30 during trading on Friday, reaching $112.63. 2,386,326 shares of the company’s stock were exchanged, compared to its average volume of 1,359,151. The business has a 50 day moving average price of $94.13 and a 200-day moving average price of $73.53. The stock has a market capitalization of $11.29 billion, a P/E ratio of 51.43 and a beta of 2.03. FTAI Aviation Ltd. has a fifty-two week low of $31.73 and a fifty-two week high of $115.00.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The business had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a positive return on equity of 156.50% and a negative net margin of 1.50%. FTAI Aviation’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. On average, analysts forecast that FTAI Aviation Ltd. will post 2.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank of Canada lifted their price target on FTAI Aviation from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday. Benchmark reissued a “buy” rating and issued a $100.00 price target on shares of FTAI Aviation in a research note on Wednesday. JMP Securities raised their price objective on FTAI Aviation from $90.00 to $132.00 and gave the company a “market outperform” rating in a report on Thursday. Morgan Stanley upped their target price on FTAI Aviation from $85.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, June 13th. Finally, Jefferies Financial Group initiated coverage on FTAI Aviation in a report on Tuesday, June 25th. They set a “buy” rating and a $120.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.23.

About FTAI Aviation

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.