JPMorgan Chase & Co. Grows Stake in FTAI Aviation Ltd. $FTAI

JPMorgan Chase & Co. lifted its position in FTAI Aviation Ltd. (NASDAQ:FTAI) by 396.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 831,414 shares of the financial services provider’s stock after purchasing an additional 664,037 shares during the quarter. JPMorgan Chase & Co.’s holdings in FTAI Aviation were worth $138,730,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. boosted its stake in FTAI Aviation by 11.0% during the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after buying an additional 70 shares during the period. CWM LLC boosted its position in shares of FTAI Aviation by 6.8% during the 3rd quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock valued at $193,000 after acquiring an additional 74 shares during the last quarter. Brookstone Capital Management boosted its position in shares of FTAI Aviation by 2.5% during the 3rd quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider’s stock valued at $515,000 after acquiring an additional 75 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of FTAI Aviation by 3.5% during the third quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 76 shares in the last quarter. Finally, GAMMA Investing LLC increased its position 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 purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Up 0.3%

Shares of NASDAQ:FTAI opened at $289.74 on Friday. The stock has a market cap of $29.72 billion, a PE ratio of 66.15 and a beta of 1.53. The company’s fifty day moving average is $242.57 and its 200 day moving average is $191.64. FTAI Aviation Ltd. has a 52 week low of $81.45 and a 52 week high of $310.00.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FTAI shares. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. BTIG Research lifted their price objective on shares of FTAI Aviation from $230.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Citizens Jmp increased their target price on FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research note on Thursday, January 29th. Wall Street Zen downgraded FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $225.00 price objective on shares of FTAI Aviation in a report on Wednesday, December 31st. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.22.

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.