FTAI Aviation Ltd. $FTAI Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 0.7% in the third quarter, HoldingsChannel reports. The firm owned 9,965,865 shares of the financial services provider’s stock after selling 73,893 shares during the quarter. Vanguard Group Inc. owned 0.10% of FTAI Aviation worth $1,662,904,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in FTAI Aviation in the 3rd quarter worth approximately $28,000. Global Retirement Partners LLC lifted its stake in FTAI Aviation by 880.0% during the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 308 shares during the period. Assetmark Inc. boosted its holdings in shares of FTAI Aviation by 15.8% in the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 87 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of FTAI Aviation by 22.7% in the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 97 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of FTAI Aviation by 3,692.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 948 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 923 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FTAI shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $350.00 price target on shares of FTAI Aviation in a report on Monday, February 9th. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Wolfe Research reaffirmed an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a report on Wednesday, December 31st. Finally, Citizens Jmp lifted their price target on FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research report on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.22.

FTAI Aviation Stock Up 0.3%

FTAI stock opened at $289.74 on Friday. FTAI Aviation Ltd. has a 52-week low of $81.45 and a 52-week high of $310.00. The firm has a market cap of $29.72 billion, a P/E ratio of 66.15 and a beta of 1.53. The company’s 50-day simple moving average is $242.57 and its 200-day simple moving average is $191.27.

FTAI Aviation 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.