Oaktree Capital Management LP Takes Position in FTAI Aviation Ltd. $FTAI

Oaktree Capital Management LP acquired a new stake in FTAI Aviation Ltd. (NASDAQ:FTAI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 585,175 shares of the financial services provider’s stock, valued at approximately $97,642,000. FTAI Aviation makes up approximately 0.8% of Oaktree Capital Management LP’s holdings, making the stock its 13th largest position. Oaktree Capital Management LP owned about 0.57% of FTAI Aviation as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Rossby Financial LCC lifted its holdings in FTAI Aviation by 13.6% during the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 65 shares in the last quarter. Assetmark Inc. increased its holdings in shares of FTAI Aviation by 11.0% in the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 70 shares in the last quarter. CWM LLC raised its position in shares of FTAI Aviation by 6.8% during the third quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 74 shares during the period. Brookstone Capital Management raised its position in shares of FTAI Aviation by 2.5% during the third quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 75 shares during the period. Finally, Foundations Investment Advisors LLC lifted its holdings in shares of FTAI Aviation by 3.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on FTAI. Barclays raised their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Morgan Stanley upped their target price on shares of FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Wolfe Research restated an “outperform” rating and issued a $225.00 price target on shares of FTAI Aviation in a report on Wednesday, December 31st. Jefferies Financial Group reiterated a “buy” rating and set a $350.00 price objective on shares of FTAI Aviation in a report on Monday, February 9th. Finally, Citizens Jmp boosted 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. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $292.78.

FTAI Aviation Stock Down 0.6%

FTAI stock traded down $1.54 during midday trading on Friday, hitting $235.61. The company’s stock had a trading volume of 121,703 shares, compared to its average volume of 1,881,423. The company’s fifty day moving average price is $272.27 and its 200 day moving average price is $204.90. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30. FTAI Aviation Ltd. has a twelve month low of $81.45 and a twelve month high of $323.51. The stock has a market capitalization of $24.17 billion, a P/E ratio of 51.00, a PEG ratio of 1.05 and a beta of 1.50.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $662.03 million during the quarter, compared to the consensus estimate of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. FTAI Aviation’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. As a group, equities research analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 13th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 13th. FTAI Aviation’s dividend payout ratio is 30.30%.

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.