Petra Financial Advisors Inc. Sells 444 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Petra Financial Advisors Inc. cut its position in FTAI Aviation Ltd. (NYSE:FTAI) by 4.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,574 shares of the financial services provider’s stock after selling 444 shares during the period. Petra Financial Advisors Inc.’s holdings in FTAI Aviation were worth $1,272,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FTAI. Diversified Trust Co acquired a new stake in FTAI Aviation during the 3rd quarter valued at $1,738,000. ClariVest Asset Management LLC acquired a new position in FTAI Aviation during the first quarter valued at approximately $1,802,000. Price T Rowe Associates Inc. MD lifted its stake in FTAI Aviation by 1,488.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after purchasing an additional 813,311 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of FTAI Aviation in the 1st quarter valued at $340,000. Finally, SG Americas Securities LLC acquired a new stake in shares of FTAI Aviation in the 1st quarter valued at $384,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Stock Down 6.2 %

FTAI stock traded down $9.06 during mid-day trading on Thursday, reaching $136.24. 396,471 shares of the company traded hands, compared to its average volume of 1,023,092. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 66.35 and a beta of 2.04. FTAI Aviation Ltd. has a fifty-two week low of $36.25 and a fifty-two week high of $149.74. The firm’s 50 day moving average price is $131.88 and its 200 day moving average price is $105.59.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. The business had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. FTAI Aviation’s revenue was up 60.0% compared to the same quarter last year. On average, analysts anticipate that FTAI Aviation Ltd. will post 2.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wolfe Research downgraded FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. Jefferies Financial Group upped their target price on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. Benchmark increased their price objective on shares of FTAI Aviation from $100.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.64.

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.