FTAI Aviation (NASDAQ:FTAI) Announces Quarterly Earnings Results

FTAI Aviation (NASDAQ:FTAI) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14), Zacks reports. FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%.

FTAI Aviation Stock Down 0.6%

NASDAQ:FTAI traded down $1.90 during mid-day trading on Wednesday, hitting $302.03. 1,960,226 shares of the stock traded hands, compared to its average volume of 1,763,578. The business’s 50-day moving average price is $247.55 and its 200 day moving average price is $194.23. The company has a market cap of $30.98 billion, a PE ratio of 68.96 and a beta of 1.53. FTAI Aviation has a 12-month low of $81.45 and a 12-month high of $310.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FTAI. Rubric Capital Management LP raised its position in shares of FTAI Aviation by 10.1% in the fourth quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock worth $728,345,000 after buying an additional 339,447 shares in the last quarter. State Street Corp increased its stake in FTAI Aviation by 1.2% in the 4th quarter. State Street Corp now owns 1,745,498 shares of the financial services provider’s stock worth $343,601,000 after acquiring an additional 20,378 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of FTAI Aviation by 36.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,132,645 shares of the financial services provider’s stock valued at $222,961,000 after acquiring an additional 301,231 shares in the last quarter. Northern Right Capital Management L.P. boosted its position in shares of FTAI Aviation by 884.1% during the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after acquiring an additional 795,675 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of FTAI Aviation by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 838,487 shares of the financial services provider’s stock worth $165,056,000 after purchasing an additional 17,462 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Barclays increased their price target on FTAI Aviation from $200.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. BTIG Research boosted their price target on shares of FTAI Aviation from $230.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Royal Bank Of Canada upped their price target on shares of FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $282.22.

About FTAI Aviation

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.