FTAI Aviation (NYSE:FTAI) Shares Gap Up – Here’s Why

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price 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.

Analyst Ratings Changes

Several research firms recently issued reports on FTAI. Citigroup upped their target price on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Stifel Nicolaus decreased 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. Compass Point lifted their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Barclays upped 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. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.75.

FTAI Aviation Stock Up 18.2 %

The stock has a market capitalization of $15.24 billion, a price-to-earnings ratio of -1,485.65 and a beta of 2.05. The business’s 50 day simple moving average is $124.78 and its 200-day simple moving average is $132.79.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FTAI. GF Fund Management CO. LTD. acquired a new stake in FTAI Aviation in the fourth quarter valued at approximately $2,779,000. Public Employees Retirement System of Ohio bought a new position in shares of FTAI Aviation in the 4th quarter valued at $61,000. GTS Securities LLC lifted its stake in shares of FTAI Aviation by 52.4% in the 4th quarter. GTS Securities LLC now owns 2,656 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 913 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of FTAI Aviation by 68.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 269,970 shares of the financial services provider’s stock worth $38,886,000 after purchasing an additional 110,127 shares during the last quarter. Finally, Virtus Fund Advisers LLC acquired a new position in FTAI Aviation in the 4th quarter valued at approximately $26,000. 88.96% of the stock is owned by institutional investors.

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.