Lisanti Capital Growth LLC Sells 57,715 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Lisanti Capital Growth LLC reduced its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 77.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,110 shares of the financial services provider’s stock after selling 57,715 shares during the period. Lisanti Capital Growth LLC’s holdings in FTAI Aviation were worth $2,465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of FTAI Aviation by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock worth $317,202,000 after purchasing an additional 61,897 shares during the last quarter. State Street Corp grew its holdings in shares of FTAI Aviation by 1.7% in the third quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock worth $308,999,000 after purchasing an additional 38,279 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of FTAI Aviation by 87.1% in 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 purchasing an additional 773,017 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of FTAI Aviation by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after purchasing an additional 182,252 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of FTAI Aviation by 10.0% in the third quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after purchasing an additional 95,200 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FTAI has been the topic of several recent analyst reports. BTIG Research raised their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Friday, January 10th. Barclays raised their price objective on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $123.00 price target (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday. Finally, Compass Point lifted their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.67.

FTAI Aviation Stock Down 4.3 %

FTAI Aviation stock opened at $108.28 on Friday. The business has a 50-day simple moving average of $124.31 and a two-hundred day simple moving average of $134.47. The company has a market cap of $11.10 billion, a P/E ratio of -1,082.69 and a beta of 2.05. FTAI Aviation Ltd. has a 52-week low of $54.84 and a 52-week high of $181.64.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.11%. FTAI Aviation’s dividend payout ratio is currently -342.86%.

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.