Ibex Wealth Advisors Makes New $3.52 Million Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Ibex Wealth Advisors bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,424 shares of the financial services provider’s stock, valued at approximately $3,518,000.

Several other institutional investors also recently made changes to their positions in FTAI. Vantage Investment Partners LLC grew its position in FTAI Aviation by 21.2% in the 4th quarter. Vantage Investment Partners LLC now owns 298,778 shares of the financial services provider’s stock worth $43,036,000 after purchasing an additional 52,207 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in FTAI Aviation in the 4th quarter valued at about $9,776,000. KBC Group NV boosted its holdings in FTAI Aviation by 53.0% during the fourth quarter. KBC Group NV now owns 4,138 shares of the financial services provider’s stock worth $596,000 after buying an additional 1,433 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new position in FTAI Aviation in the fourth quarter worth approximately $12,540,000. Finally, Avior Wealth Management LLC increased its holdings in shares of FTAI Aviation by 20.5% in the fourth quarter. Avior Wealth Management LLC now owns 6,116 shares of the financial services provider’s stock valued at $881,000 after buying an additional 1,042 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Price Performance

NYSE:FTAI traded up $1.93 during mid-day trading on Wednesday, reaching $101.95. The stock had a trading volume of 324,884 shares, compared to its average volume of 5,295,365. The stock has a market cap of $10.45 billion, a P/E ratio of -1,019.44 and a beta of 2.09. The business’s 50 day moving average is $141.17 and its 200 day moving average is $132.34. FTAI Aviation Ltd. has a fifty-two week low of $52.02 and a fifty-two week high of $181.64.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data 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 net margin of 1.59% and a return on equity of 206.25%. The business had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same period in the previous year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 60.0% on a year-over-year basis. Equities analysts expect that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FTAI. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Stifel Nicolaus cut their price target on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Benchmark raised their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. Finally, StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $171.75.

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.