FTAI Aviation (NYSE:FTAI) Stock Price Down 6.2% – Time to Sell?

Shares of FTAI Aviation Ltd. (NYSE:FTAI) traded down 6.2% on Thursday . The stock traded as low as $106.88 and last traded at $107.57. 1,663,986 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 4,262,721 shares. The stock had previously closed at $114.71.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Compass Point increased their price objective on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Barclays raised their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Citigroup boosted their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.75.

FTAI Aviation Price Performance

The company has a 50-day moving average of $128.49 and a two-hundred day moving average of $132.54. The company has a market capitalization of $11.07 billion, a PE ratio of -1,079.09 and a beta of 2.05.

Institutional Investors Weigh In On FTAI Aviation

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of FTAI Aviation in the fourth quarter worth about $183,688,000. William Blair Investment Management LLC purchased a new position in FTAI Aviation in the 4th quarter worth approximately $174,372,000. Westfield Capital Management Co. LP boosted its stake in FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after purchasing an additional 773,017 shares during the period. International Assets Investment Management LLC grew its holdings in FTAI Aviation by 14,553.9% during the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after buying an additional 560,179 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in FTAI Aviation by 229.9% during the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock valued at $50,530,000 after buying an additional 264,971 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

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.