FTAI Infrastructure (NASDAQ:FIP) Stock Rating Upgraded by Wall Street Zen

FTAI Infrastructure (NASDAQ:FIP) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Sunday.

Several other equities analysts have also commented on the stock. Compass Point set a $12.00 target price on shares of FTAI Infrastructure in a report on Tuesday, June 30th. BTIG Research reduced their price target on shares of FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a research report on Friday, June 12th. Finally, JonesTrading assumed coverage on FTAI Infrastructure in a research note on Wednesday, July 1st. They set a “buy” rating and a $8.75 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, FTAI Infrastructure has a consensus rating of “Hold” and a consensus target price of $9.92.

FTAI Infrastructure Price Performance

NASDAQ:FIP traded up $0.07 during trading hours on Friday, reaching $4.54. 498,628 shares of the company were exchanged, compared to its average volume of 938,698. The business has a 50 day moving average of $4.64 and a 200 day moving average of $5.20. FTAI Infrastructure has a 1-year low of $3.90 and a 1-year high of $7.93. The company has a market capitalization of $536.45 million, a P/E ratio of -1.01 and a beta of 1.76.

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

Insider Transactions at FTAI Infrastructure

In related news, CFO Carl Russell Iv Fletcher acquired 10,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was acquired at an average cost of $4.58 per share, for a total transaction of $45,800.00. Following the transaction, the chief financial officer directly owned 40,000 shares in the company, valued at $183,200. This trade represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

Institutional Trading of FTAI Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky acquired a new position in FTAI Infrastructure in the 4th quarter worth about $1,394,000. Bard Associates Inc. boosted 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 purchasing an additional 132,215 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of FTAI Infrastructure by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 2,383,921 shares of the company’s stock valued at $10,990,000 after purchasing an additional 157,568 shares in the last quarter. Royce & Associates LP grew its holdings in shares of FTAI Infrastructure by 24.4% during the fourth quarter. Royce & Associates LP now owns 2,682,778 shares of the company’s stock worth $12,368,000 after purchasing an additional 527,000 shares during the last quarter. Finally, AXQ Capital LP bought a new stake in shares of FTAI Infrastructure during the fourth quarter worth about $176,000. Institutional investors own 87.43% of the company’s stock.

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.