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

FTAI Infrastructure (NASDAQ:FIP) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a note issued to investors on Monday.

FIP has been the topic of a number of other research reports. BTIG Research cut their price objective 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 reaffirmed a “sell (e+)” rating on shares of FTAI Infrastructure in a research report on Friday, June 12th. Citizens Jmp started coverage on FTAI Infrastructure in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $10.00 price target on the stock. JonesTrading started coverage on FTAI Infrastructure in a research note on Wednesday, July 1st. They set a “buy” rating and a $8.75 price target on the stock. Finally, Compass Point set a $12.00 price target on FTAI Infrastructure in a report on Tuesday, June 30th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, FTAI Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.94.

FTAI Infrastructure Stock Up 5.1%

NASDAQ:FIP opened at $4.30 on Monday. The company has a fifty day moving average of $4.52 and a 200-day moving average of $5.18. The firm has a market capitalization of $508.09 million, a P/E ratio of -0.95 and a beta of 1.76. FTAI Infrastructure has a twelve month low of $3.90 and a twelve month high of $7.93.

FTAI Infrastructure (NASDAQ:FIP) last issued its earnings results on Thursday, May 7th. The company reported ($1.32) earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 147.01% and a negative net margin of 68.58%.FTAI Infrastructure’s revenue was up 95.8% compared to the same quarter last year.

Insider Activity

In other FTAI Infrastructure news, CFO Carl Russell Iv Fletcher acquired 10,000 shares of FTAI Infrastructure stock in a transaction dated Thursday, May 28th. The stock was purchased at an average cost of $4.58 per share, for a total transaction of $45,800.00. Following the completion of the acquisition, the chief financial officer directly owned 40,000 shares of the company’s stock, valued at $183,200. This represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.17% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FTAI Infrastructure

Several large investors have recently added to or reduced their stakes in FIP. Larson Financial Group LLC boosted its stake in FTAI Infrastructure by 6,941.7% during the 4th quarter. Larson Financial Group LLC now owns 8,098 shares of the company’s stock valued at $37,000 after purchasing an additional 7,983 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of FTAI Infrastructure by 12,129.3% in the third quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company’s stock worth $40,000 after purchasing an additional 9,097 shares during the last quarter. Xponance LLC bought a new position in shares of FTAI Infrastructure in the fourth quarter valued at approximately $47,000. CIBC Bancorp USA Inc. bought a new position in shares of FTAI Infrastructure in the third quarter valued at approximately $50,000. Finally, CIBC Asset Management Inc purchased a new position in shares of FTAI Infrastructure during the fourth quarter valued at approximately $54,000. 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.