Cibc World Markets Corp Makes New $1.37 Million Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Cibc World Markets Corp bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, Holdings Channel reports. The institutional investor bought 9,506 shares of the financial services provider’s stock, valued at approximately $1,369,000.

Several other hedge funds have also made changes to their positions in FTAI. Sara Bay Financial purchased a new stake in FTAI Aviation during the 4th quarter valued at approximately $547,000. Ibex Wealth Advisors acquired a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $3,518,000. Luxor Capital Group LP purchased a new stake in shares of FTAI Aviation during the third quarter worth approximately $1,298,000. Rhumbline Advisers lifted its holdings in shares of FTAI Aviation by 2.2% during the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock worth $20,464,000 after purchasing an additional 3,121 shares during the period. Finally, SeaCrest Wealth Management LLC grew its position in FTAI Aviation by 77.1% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock valued at $944,000 after buying an additional 2,853 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Stock Up 0.5 %

FTAI Aviation stock opened at $107.23 on Friday. The firm’s 50-day simple moving average is $113.51 and its 200 day simple moving average is $133.00. FTAI Aviation Ltd. has a 52 week low of $64.04 and a 52 week high of $181.64. The firm has a market capitalization of $11.00 billion, a PE ratio of -1,072.19 and a beta of 2.06.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be given a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.12%. FTAI Aviation’s dividend payout ratio is presently -342.86%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FTAI shares. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. StockNews.com raised FTAI Aviation to a “sell” rating in a report on Saturday, March 15th. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Stifel Nicolaus restated a “hold” rating and issued a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Finally, BTIG Research upped their price objective on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $173.67.

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.