Petra Financial Advisors Inc. Decreases Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Petra Financial Advisors Inc. lowered its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 4.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,574 shares of the financial services provider’s stock after selling 444 shares during the quarter. Petra Financial Advisors Inc.’s holdings in FTAI Aviation were worth $1,272,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Nicholas Hoffman & Company LLC. bought a new position in FTAI Aviation during the 3rd quarter valued at $266,000. Motiv8 Investments LLC purchased a new position in FTAI Aviation in the 3rd quarter worth about $225,000. Clear Harbor Asset Management LLC lifted its stake in FTAI Aviation by 1.4% during the third quarter. Clear Harbor Asset Management LLC now owns 24,575 shares of the financial services provider’s stock valued at $3,266,000 after buying an additional 350 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of FTAI Aviation by 14,553.9% in the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock worth $74,959,000 after acquiring an additional 560,179 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake in FTAI Aviation by 5.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Trading Down 6.2 %

FTAI Aviation stock traded down $9.06 during mid-day trading on Thursday, hitting $136.24. The stock had a trading volume of 396,471 shares, compared to its average volume of 1,023,092. The stock has a market capitalization of $13.66 billion, a PE ratio of 66.35 and a beta of 2.04. FTAI Aviation Ltd. has a 12 month low of $36.25 and a 12 month high of $149.74. The stock has a 50-day simple moving average of $131.88 and a two-hundred day simple moving average of $105.59.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. The business had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. The firm’s quarterly revenue was up 60.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Sell-side analysts expect that FTAI Aviation Ltd. will post 2.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FTAI shares. Benchmark upped their price target on FTAI Aviation from $100.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 16th. JMP Securities upped their target price on FTAI Aviation from $90.00 to $132.00 and gave the company a “market outperform” rating in a report on Thursday, July 25th. Citigroup raised their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and upped their price objective for the company from $69.00 to $132.00 in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target 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.