Ibex Wealth Advisors Buys Shares of 24,424 FTAI Aviation Ltd. (NYSE:FTAI)

Ibex Wealth Advisors purchased a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 24,424 shares of the financial services provider’s stock, valued at approximately $3,518,000.

Other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new stake in shares of FTAI Aviation in the third quarter valued at about $26,000. Anchor Investment Management LLC purchased a new position in shares of FTAI Aviation during the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC boosted its stake in shares of 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 buying an additional 189 shares in the last quarter. USA Financial Formulas purchased a new position in FTAI Aviation in the fourth quarter worth $93,000. Finally, Raymond James Trust N.A. acquired a new stake in FTAI Aviation in the third quarter valued at $200,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Up 1.9 %

Shares of FTAI traded up $1.93 during trading on Wednesday, reaching $101.95. The company’s stock had a trading volume of 324,884 shares, compared to its average volume of 5,295,365. The company has a fifty day moving average of $141.17 and a two-hundred day moving average of $132.34. The company has a market cap of $10.45 billion, a price-to-earnings ratio of -1,019.44 and a beta of 2.09. FTAI Aviation Ltd. has a twelve month low of $52.02 and a twelve month high of $181.64.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). The company had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. FTAI Aviation’s revenue was up 60.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 earnings per share. As a group, equities analysts forecast that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on FTAI. Stifel Nicolaus reduced their price target 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 for the company in a report on Friday, January 10th. Citigroup increased their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Benchmark boosted their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Two 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, the company has an average rating of “Moderate Buy” and an average target price of $171.75.

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.