SeaCrest Wealth Management LLC Purchases 2,853 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

SeaCrest Wealth Management LLC boosted its position in FTAI Aviation Ltd. (NYSE:FTAI) by 77.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,555 shares of the financial services provider’s stock after purchasing an additional 2,853 shares during the period. SeaCrest Wealth Management LLC’s holdings in FTAI Aviation were worth $944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in FTAI. Brown Brothers Harriman & Co. purchased a new position in shares of FTAI Aviation during the third quarter worth approximately $26,000. Anchor Investment Management LLC purchased a new position in shares of FTAI Aviation during the third quarter worth approximately $31,000. Farther Finance Advisors LLC increased its position in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 189 shares during the period. Raymond James Trust N.A. purchased a new position in shares of FTAI Aviation during the third quarter worth approximately $200,000. Finally, Everence Capital Management Inc. purchased a new position in shares of FTAI Aviation during the fourth quarter worth approximately $203,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Down 24.3 %

NYSE FTAI opened at $116.08 on Thursday. The firm’s fifty day simple moving average is $152.65 and its two-hundred day simple moving average is $132.43. FTAI Aviation Ltd. has a 12-month low of $47.21 and a 12-month high of $181.64. The firm has a market capitalization of $11.90 billion, a P/E ratio of -1,160.68 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same period in the prior year, the firm posted $0.33 earnings per share. FTAI Aviation’s revenue for the quarter was up 60.0% compared to the same quarter last year. As a group, sell-side analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.03%. FTAI Aviation’s payout ratio is currently -1,200.00%.

Analyst Ratings Changes

FTAI has been the topic of a number of research reports. Jefferies Financial Group raised their target price on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. BTIG Research lifted their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Citigroup lifted their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus lifted their price objective on shares of FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $177.33.

FTAI Aviation Company Profile

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.