Optimize Financial Inc Buys New Shares in FTAI Aviation Ltd. $FTAI

Optimize Financial Inc acquired a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 2,054 shares of the financial services provider’s stock, valued at approximately $343,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTAI. LDR Capital Management LLC purchased a new stake in FTAI Aviation during the 3rd quarter valued at approximately $1,102,000. Diversified Trust Co purchased a new position in FTAI Aviation during the third quarter valued at $2,846,000. Asset Management One Co. Ltd. purchased a new stake in FTAI Aviation in the 3rd quarter worth $2,056,000. Hiddenite Capital Partners LP lifted its stake in FTAI Aviation by 12.9% in the 3rd quarter. Hiddenite Capital Partners LP now owns 79,000 shares of the financial services provider’s stock worth $13,182,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Maryland State Retirement & Pension System bought a new position in shares of FTAI Aviation during the 2nd quarter valued at about $570,000. Institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FTAI. BTIG Research increased their price target on FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Wall Street Zen downgraded FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Citizens Jmp raised their target price on shares of FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a report on Thursday, January 29th. Jones Trading started coverage on shares of FTAI Aviation in a research note on Friday, October 10th. They set a “buy” rating and a $306.00 price target on the stock. Finally, Royal Bank Of Canada increased their price objective on shares of FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $266.11.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, COO David Moreno bought 4,354 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the acquisition, the chief operating officer directly owned 4,354 shares in the company, valued at approximately $670,037.06. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

FTAI Aviation Trading Down 2.0%

NASDAQ:FTAI opened at $259.11 on Friday. The company has a market cap of $26.58 billion, a price-to-earnings ratio of 59.16 and a beta of 1.53. FTAI Aviation Ltd. has a twelve month low of $81.45 and a twelve month high of $310.00. The stock has a fifty day simple moving average of $219.89 and a 200-day simple moving average of $179.36.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.