FTAI Aviation Ltd. $FTAI Shares Purchased by Next Century Growth Investors LLC

Next Century Growth Investors LLC increased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 3.1% during the fourth quarter, Holdings Channel reports. The fund owned 117,912 shares of the financial services provider’s stock after acquiring an additional 3,596 shares during the quarter. FTAI Aviation makes up approximately 1.6% of Next Century Growth Investors LLC’s investment portfolio, making the stock its 13th biggest position. Next Century Growth Investors LLC’s holdings in FTAI Aviation were worth $23,211,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FTAI. AQR Capital Management LLC acquired a new stake in FTAI Aviation during the first quarter worth approximately $242,000. Cetera Investment Advisers boosted its position in FTAI Aviation by 73.3% during the second quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 2,368 shares during the last quarter. Invesco Ltd. raised its stake in FTAI Aviation by 23.8% during the second quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock worth $48,015,000 after purchasing an additional 80,341 shares during the period. Amundi boosted its holdings in shares of FTAI Aviation by 16,560.0% in the 2nd quarter. Amundi now owns 2,499 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 2,484 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of FTAI Aviation during the 2nd quarter valued at $2,736,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $241.96 on Friday. FTAI Aviation Ltd. has a 12-month low of $108.47 and a 12-month high of $323.51. The company has a market capitalization of $24.82 billion, a price-to-earnings ratio of 48.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.47. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The firm’s fifty day moving average price is $248.12 and its 200 day moving average price is $240.74.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.32). The firm had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.FTAI Aviation’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 earnings per share. On average, research analysts forecast that FTAI Aviation Ltd. will post 6.77 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.75%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings downgraded FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. BTIG Research upped their price objective on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Jefferies Financial Group restated a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a report on Sunday, May 3rd. Morgan Stanley restated an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a report on Friday, May 8th. Finally, Barclays upped their price objective on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.88.

Insider Buying and Selling at FTAI Aviation

In other news, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. The trade was a 7.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Martin Tuchman sold 143,584 shares of FTAI Aviation stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the completion of the transaction, the director directly owned 236,302 shares of the company’s stock, valued at $57,289,056.88. This trade represents a 37.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 254,515 shares of company stock valued at $61,599,445. 1.35% of the stock is owned by company insiders.

FTAI Aviation Company Profile

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.