Emerald Advisers LLC Has $85.65 Million Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Emerald Advisers LLC lowered its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 829,702 shares of the financial services provider’s stock after selling 33,048 shares during the quarter. FTAI Aviation comprises about 3.6% of Emerald Advisers LLC’s portfolio, making the stock its biggest holding. Emerald Advisers LLC’s holdings in FTAI Aviation were worth $85,650,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTAI. Arcadia Investment Management Corp MI bought a new stake in shares of FTAI Aviation during the 2nd quarter worth about $33,000. Ridgewood Investments LLC bought a new position in shares of FTAI Aviation in the second quarter valued at approximately $59,000. USA Financial Formulas increased its stake in shares of FTAI Aviation by 1,684.6% during the fourth quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 1,533 shares during the period. Tucker Asset Management LLC raised its holdings in FTAI Aviation by 726.5% during the fourth quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 1,453 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in FTAI Aviation during the fourth quarter worth approximately $109,000. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

Shares of NYSE:FTAI opened at $112.55 on Friday. The firm has a 50 day simple moving average of $109.58 and a 200 day simple moving average of $86.29. FTAI Aviation Ltd. has a 52 week low of $32.66 and a 52 week high of $128.45. The company has a market cap of $11.28 billion, a PE ratio of 51.39 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The business had revenue of $443.59 million during the quarter, compared to analysts’ expectations of $361.92 million. FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. On average, equities analysts predict that FTAI Aviation Ltd. will post 1.29 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were given a dividend of $0.30 per share. The ex-dividend date was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.07%. FTAI Aviation’s payout ratio is presently 54.79%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wolfe Research downgraded FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 10th. JMP Securities lifted their target price on FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and upped their price target for the company from $69.00 to $132.00 in a report on Friday, July 26th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. Finally, BTIG Research initiated coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They set a “buy” rating and a $140.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and an average target price of $124.00.

FTAI Aviation 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.