Hiddenite Capital Partners LP Decreases Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Hiddenite Capital Partners LP trimmed its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 65.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 60,000 shares of the financial services provider’s stock after selling 115,000 shares during the quarter. FTAI Aviation accounts for about 2.6% of Hiddenite Capital Partners LP’s holdings, making the stock its 6th largest position. Hiddenite Capital Partners LP owned about 0.06% of FTAI Aviation worth $7,974,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arcadia Investment Management Corp MI bought a new position in FTAI Aviation in the 2nd quarter worth about $33,000. Farther Finance Advisors LLC lifted its holdings in FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after buying an additional 189 shares during the period. Ridgewood Investments LLC bought a new position in shares of FTAI Aviation in the 2nd quarter worth approximately $59,000. D.B. Root & Company LLC bought a new position in shares of FTAI Aviation in the 3rd quarter worth approximately $221,000. Finally, Motiv8 Investments LLC bought a new position in shares of FTAI Aviation in the 3rd quarter worth approximately $225,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Performance

NYSE FTAI opened at $161.45 on Wednesday. The company has a market capitalization of $16.50 billion, a PE ratio of 68.05 and a beta of 2.04. The business’s fifty day moving average is $136.52 and its 200 day moving average is $110.74. FTAI Aviation Ltd. has a fifty-two week low of $40.01 and a fifty-two week high of $166.00.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). The company had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. FTAI Aviation’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. On average, sell-side analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.74%. FTAI Aviation’s dividend payout ratio is presently -1,199.88%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FTAI shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Friday, November 1st. StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. Benchmark raised their price objective on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Compass Point raised their price objective on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, JMP Securities raised their price objective on FTAI Aviation from $90.00 to $132.00 and gave the company a “market outperform” rating in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.09.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.