FTAI Aviation (NYSE:FTAI) Trading Down 9.2% – Should You Sell?

Shares of FTAI Aviation Ltd. (NYSE:FTAI) dropped 9.2% on Friday . The company traded as low as $130.72 and last traded at $130.53. Approximately 1,417,332 shares were traded during trading, a decline of 65% from the average daily volume of 4,035,473 shares. The stock had previously closed at $143.82.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of recent analyst reports. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a report on Friday, January 10th. Stifel Nicolaus reduced their price objective on FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Citigroup upped their price objective on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Finally, Barclays upped their price objective on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.75.

FTAI Aviation Stock Down 10.1 %

The stock has a market capitalization of $13.26 billion, a price-to-earnings ratio of -1,292.97 and a beta of 2.05. The company has a 50 day moving average of $124.91 and a 200 day moving average of $133.31.

Institutional Investors Weigh In On FTAI Aviation

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC acquired a new stake in FTAI Aviation during the fourth quarter worth about $26,000. Brown Brothers Harriman & Co. acquired a new stake in FTAI Aviation during the third quarter worth about $26,000. Transce3nd LLC acquired a new stake in FTAI Aviation during the fourth quarter worth about $29,000. Kapitalo Investimentos Ltda acquired a new stake in FTAI Aviation during the fourth quarter worth about $30,000. Finally, Anchor Investment Management LLC acquired a new stake in FTAI Aviation during the third quarter worth about $31,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.