Promus Capital LLC Makes New $230,000 Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Promus Capital LLC acquired a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,600 shares of the financial services provider’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. grew its holdings in shares of FTAI Aviation by 96.8% in the third quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock valued at $1,110,000 after acquiring an additional 4,106 shares in the last quarter. Sara Bay Financial bought a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $547,000. Concurrent Investment Advisors LLC bought a new position in shares of FTAI Aviation in the third quarter valued at approximately $498,000. Ibex Wealth Advisors bought a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $3,518,000. Finally, Luxor Capital Group LP bought a new position in shares of FTAI Aviation in the third quarter valued at approximately $1,298,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $113.13 on Thursday. FTAI Aviation Ltd. has a 52-week low of $54.84 and a 52-week high of $181.64. The company has a market capitalization of $11.60 billion, a PE ratio of -1,131.19 and a beta of 2.05. The business’s fifty day moving average is $124.63 and its 200 day moving average is $134.62.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.06%. FTAI Aviation’s dividend payout ratio (DPR) is presently -342.86%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FTAI shares. Compass Point upped their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Barclays increased their price objective on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday, January 22nd. Stifel Nicolaus reissued a “hold” rating and set a $123.00 price objective (up from $100.00) on shares of FTAI Aviation in a report on Monday. Finally, Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.67.

FTAI Aviation 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.