FTAI Infrastructure Inc. $FIP Shares Sold by UBS Group AG

UBS Group AG cut its holdings in FTAI Infrastructure Inc. (NASDAQ:FIP) by 25.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 703,612 shares of the company’s stock after selling 236,725 shares during the quarter. UBS Group AG owned approximately 0.61% of FTAI Infrastructure worth $3,244,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Diamond Hill Capital Management Inc. grew its position in shares of FTAI Infrastructure by 35.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,786,946 shares of the company’s stock valued at $7,791,000 after purchasing an additional 465,779 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of FTAI Infrastructure by 28.1% in the third quarter. First Eagle Investment Management LLC now owns 2,226,353 shares of the company’s stock valued at $9,707,000 after purchasing an additional 488,182 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of FTAI Infrastructure in the fourth quarter valued at approximately $1,394,000. Royce & Associates LP grew its position in shares of FTAI Infrastructure by 27.2% in the third quarter. Royce & Associates LP now owns 2,155,778 shares of the company’s stock valued at $9,399,000 after purchasing an additional 461,228 shares during the last quarter. Finally, Bard Associates Inc. lifted its stake in shares of FTAI Infrastructure by 12.2% during the third quarter. Bard Associates Inc. now owns 1,217,730 shares of the company’s stock valued at $5,309,000 after buying an additional 132,215 shares during the period. 87.43% of the stock is currently owned by institutional investors and hedge funds.

FTAI Infrastructure Stock Performance

Shares of FIP opened at $4.51 on Monday. The company has a debt-to-equity ratio of 110.28, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $532.92 million, a price-to-earnings ratio of -1.00 and a beta of 1.96. The company’s 50 day simple moving average is $5.15 and its 200 day simple moving average is $5.22. FTAI Infrastructure Inc. has a 1 year low of $3.90 and a 1 year high of $7.93.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.90). The firm had revenue of $188.36 million for the quarter, compared to analysts’ expectations of $182.41 million. FTAI Infrastructure had a negative net margin of 68.58% and a negative return on equity of 147.01%. FTAI Infrastructure’s revenue for the quarter was up 95.8% compared to the same quarter last year.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 18th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.12 annualized dividend and a dividend yield of 2.7%. FTAI Infrastructure’s dividend payout ratio is presently -2.66%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FIP shares. Wall Street Zen downgraded shares of FTAI Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. BTIG Research reduced their price objective on shares of FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.00.

FTAI Infrastructure Company Profile

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.