Anchor Investment Management LLC Acquires Shares of 235 FTAI Aviation Ltd. (NYSE:FTAI)

Anchor Investment Management LLC bought a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 235 shares of the financial services provider’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation during the 3rd quarter worth $26,000. Arcadia Investment Management Corp MI acquired a new position in shares of FTAI Aviation during the second quarter valued at $33,000. Farther Finance Advisors LLC boosted its holdings in FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 189 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in FTAI Aviation in the second quarter worth about $59,000. Finally, Raymond James Trust N.A. bought a new stake in FTAI Aviation during the 3rd quarter worth about $200,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

FTAI opened at $131.72 on Friday. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of -1,317.07 and a beta of 2.06. The business’s 50-day moving average price is $152.48 and its two-hundred day moving average price is $123.70. FTAI Aviation Ltd. has a 1 year low of $44.15 and a 1 year high of $177.18.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 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 firm had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The company’s revenue was up 60.0% on a year-over-year basis. Sell-side analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s payout ratio is -1,199.88%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Barclays lifted their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Compass Point increased their price target on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Citigroup lifted their price objective on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and an average target price of $166.18.

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.