FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Corsair Capital Management L.P.

Corsair Capital Management L.P. cut its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 31.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,386 shares of the financial services provider’s stock after selling 6,205 shares during the period. FTAI Aviation comprises approximately 0.4% of Corsair Capital Management L.P.’s investment portfolio, making the stock its 27th biggest holding. Corsair Capital Management L.P.’s holdings in FTAI Aviation were worth $1,779,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in FTAI. Brown Brothers Harriman & Co. acquired a new stake in FTAI Aviation during the third quarter worth about $26,000. Arcadia Investment Management Corp MI acquired a new position in shares of FTAI Aviation in the 2nd quarter valued at $33,000. Farther Finance Advisors LLC boosted its holdings in 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 in the last quarter. Ridgewood Investments LLC acquired a new stake in FTAI Aviation during the second quarter valued at $59,000. Finally, Raymond James Trust N.A. purchased a new position in FTAI Aviation in the third quarter valued at $200,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group boosted their price objective on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Citigroup boosted 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, October 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $170.09 on Wednesday. The stock’s 50 day simple moving average is $145.20 and its 200-day simple moving average is $116.50. The stock has a market cap of $17.44 billion, a P/E ratio of -1,719.43 and a beta of 2.04. FTAI Aviation Ltd. has a 1-year low of $40.29 and a 1-year high of $177.18.

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

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.71%. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

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.