Motiv8 Investments LLC decreased its stake in FTAI Aviation Ltd. (NYSE:FTAI – Free Report) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,596 shares of the financial services provider’s stock after selling 100 shares during the period. Motiv8 Investments LLC’s holdings in FTAI Aviation were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Nicholas Hoffman & Company LLC. bought a new position in FTAI Aviation during the 3rd quarter worth approximately $266,000. 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 buying an additional 189 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in FTAI Aviation by 191.3% in the third quarter. Harbor Capital Advisors Inc. now owns 46,799 shares of the financial services provider’s stock valued at $6,220,000 after buying an additional 30,731 shares during the period. Cannon Global Investment Management LLC bought a new stake in FTAI Aviation during the third quarter valued at $1,116,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in FTAI Aviation during the 3rd quarter worth about $498,000. 88.96% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on FTAI shares. Barclays boosted their price objective on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Stifel Nicolaus reduced their price objective on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research report on Friday, January 10th. BTIG Research raised their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Finally, StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $171.75.
FTAI Aviation Stock Performance
Shares of FTAI opened at $140.32 on Thursday. The firm has a market capitalization of $14.39 billion, a P/E ratio of -1,403.06 and a beta of 2.06. FTAI Aviation Ltd. has a 52 week low of $54.84 and a 52 week high of $181.64. The stock has a 50 day moving average price of $125.23 and a two-hundred day moving average price of $133.96.
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.
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