FTAI Aviation (NYSE:FTAI) Shares Gap Up – What’s Next?

Shares of FTAI Aviation Ltd. (NYSE:FTAI) gapped up before the market opened on Thursday . The stock had previously closed at $125.75, but opened at $149.74. FTAI Aviation shares last traded at $151.43, with a volume of 2,649,971 shares changing hands.

Analyst Ratings Changes

FTAI has been the topic of a number of analyst reports. BTIG Research raised their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Barclays raised their price objective on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Stifel Nicolaus reduced their target price on FTAI Aviation from $167.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Friday, January 10th. Finally, Benchmark upped their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $171.75.

FTAI Aviation Price Performance

The company has a market cap of $13.26 billion, a PE ratio of -1,292.97 and a beta of 2.05. The company’s 50 day simple moving average is $124.91 and its two-hundred day simple moving average is $133.09.

Hedge Funds Weigh In On FTAI Aviation

A number of hedge funds have recently made changes to their positions in the stock. Capital International Investors lifted its stake in FTAI Aviation by 39.7% during the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider’s stock worth $1,537,940,000 after purchasing an additional 3,034,838 shares in the last quarter. Norges Bank acquired a new stake in shares of FTAI Aviation during the fourth quarter worth about $183,688,000. William Blair Investment Management LLC purchased a new position in FTAI Aviation in the fourth quarter valued at $174,372,000. Westfield Capital Management Co. LP increased its stake in shares of FTAI Aviation by 87.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after buying an additional 773,017 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of FTAI Aviation by 14,553.9% in the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after purchasing an additional 560,179 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Company 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.