FTAI Infrastructure (NASDAQ:FIP) Stock Price Down 4.4% – What’s Next?

FTAI Infrastructure Inc. (NASDAQ:FIP)’s share price fell 4.4% during trading on Thursday . The stock traded as low as $6.56 and last traded at $6.44. 177,103 shares changed hands during trading, a decline of 80% from the average session volume of 887,986 shares. The stock had previously closed at $6.73.

FTAI Infrastructure Price Performance

The company has a debt-to-equity ratio of 6.07, a current ratio of 1.42 and a quick ratio of 1.42. The stock’s fifty day simple moving average is $7.43 and its 200-day simple moving average is $8.48. The company has a market capitalization of $743.93 million, a P/E ratio of -3.30 and a beta of 1.44.

Hedge Funds Weigh In On FTAI Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of FTAI Infrastructure by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company’s stock worth $47,463,000 after buying an additional 730,895 shares during the period. Luxor Capital Group LP increased its position in FTAI Infrastructure by 4.6% in the 3rd quarter. Luxor Capital Group LP now owns 5,940,484 shares of the company’s stock valued at $55,603,000 after acquiring an additional 258,591 shares during the period. State Street Corp increased its position in FTAI Infrastructure by 2.2% in the 3rd quarter. State Street Corp now owns 2,543,305 shares of the company’s stock valued at $23,805,000 after acquiring an additional 55,936 shares during the period. Geode Capital Management LLC increased its position in FTAI Infrastructure by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 2,499,861 shares of the company’s stock valued at $18,153,000 after acquiring an additional 72,560 shares during the period. Finally, Highland Peak Capital LLC increased its position in shares of FTAI Infrastructure by 194.3% during the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after buying an additional 1,158,816 shares during the period. 87.43% of the stock is owned by institutional investors.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.