FTAI Aviation Ltd. $FTAI Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its stake in FTAI Aviation Ltd. (NASDAQ:FTAI) by 52.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 10,788 shares of the financial services provider’s stock after selling 11,766 shares during the period. Calamos Advisors LLC’s holdings in FTAI Aviation were worth $2,643,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC purchased a new position in shares of FTAI Aviation in the first quarter worth $242,000. Cetera Investment Advisers grew its holdings in shares of FTAI Aviation by 73.3% during the second quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock valued at $644,000 after buying an additional 2,368 shares during the last quarter. Invesco Ltd. grew its holdings in shares of FTAI Aviation by 23.8% during the second quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock valued at $48,015,000 after buying an additional 80,341 shares during the last quarter. Amundi increased its position 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 acquiring an additional 2,484 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of FTAI Aviation in the 2nd quarter valued at $2,736,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Trading Up 3.7%

NASDAQ FTAI opened at $213.80 on Thursday. FTAI Aviation Ltd. has a 1 year low of $109.90 and a 1 year high of $323.51. 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 company has a market capitalization of $21.93 billion, a PE ratio of 42.42, a P/E/G ratio of 0.83 and a beta of 1.46. The company has a fifty day moving average of $249.63 and a 200 day moving average of $253.94.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.32). The company 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%.The business’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. Research analysts forecast that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were paid a $0.45 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. FTAI Aviation’s dividend payout ratio is presently 31.75%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FTAI. Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Citizens Jmp increased their price objective on FTAI Aviation from $325.00 to $375.00 and gave the company a “market outperform” rating in a report on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a $400.00 price objective on shares of FTAI Aviation in a research note on Sunday, May 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Finally, Weiss Ratings lowered FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.12.

Insider Activity

In other FTAI Aviation news, Director Martin Tuchman sold 67,500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the completion of the transaction, the director directly owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. The trade was a 24.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction that occurred on 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 $764,716.68. The trade was a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 254,515 shares of company stock worth $61,599,445. 1.35% of the stock is owned by corporate insiders.

FTAI Aviation 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.