Zacks Investment Research Lowers Fortress Transprtn and Infr Investrs (NYSE:FTAI) to Sell

Fortress Transprtn and Infr Investrs (NYSE:FTAI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday, January 8th.

According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the owning and acquisition of infrastructure and equipment for leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, United States. “

FTAI has been the subject of several other research reports. BidaskClub upgraded Fortress Transprtn and Infr Investrs from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Bank of America raised their price target on Fortress Transprtn and Infr Investrs from $20.00 to $21.00 and gave the company a “buy” rating in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $20.67.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) opened at $18.17 on Monday. The firm has a market capitalization of $1,380.00 and a P/E ratio of -302.83. Fortress Transprtn and Infr Investrs has a 1-year low of $14.24 and a 1-year high of $20.13.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $60.40 million during the quarter, compared to analysts’ expectations of $56.04 million. Fortress Transprtn and Infr Investrs had a positive return on equity of 0.60% and a negative net margin of 2.36%. The firm’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) EPS. analysts forecast that Fortress Transprtn and Infr Investrs will post 0.16 earnings per share for the current year.

In related news, Director Martin Tuchman acquired 25,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was acquired at an average cost of $18.65 per share, with a total value of $466,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Kayne Anderson Capital Advisors LP bought a new stake in shares of Fortress Transprtn and Infr Investrs during the 3rd quarter worth approximately $180,000. First Allied Advisory Services Inc. lifted its stake in shares of Fortress Transprtn and Infr Investrs by 1.6% during the 2nd quarter. First Allied Advisory Services Inc. now owns 11,449 shares of the financial services provider’s stock worth $184,000 after acquiring an additional 175 shares during the last quarter. Bard Associates Inc. bought a new stake in shares of Fortress Transprtn and Infr Investrs during the 2nd quarter worth approximately $315,000. Stifel Financial Corp lifted its stake in shares of Fortress Transprtn and Infr Investrs by 4.9% during the 2nd quarter. Stifel Financial Corp now owns 21,300 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 1,000 shares during the last quarter. Finally, People s United Financial Inc. lifted its stake in shares of Fortress Transprtn and Infr Investrs by 30.3% during the 2nd quarter. People s United Financial Inc. now owns 21,995 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 5,110 shares during the last quarter. 25.65% of the stock is owned by hedge funds and other institutional investors.

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Fortress Transprtn and Infr Investrs Company Profile

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company operates through five segments Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad.

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