Luxor Capital Group LP Buys New Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Luxor Capital Group LP bought a new position in shares of FTAI Aviation Ltd. (NYSE:FTAI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,765 shares of the financial services provider’s stock, valued at approximately $1,298,000. FTAI Aviation comprises 0.1% of Luxor Capital Group LP’s portfolio, making the stock its 28th largest position.

A number of other hedge funds also recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new position in FTAI Aviation during the third quarter worth $26,000. Arcadia Investment Management Corp MI bought a new stake in shares of FTAI Aviation in the 2nd quarter valued at approximately $33,000. Farther Finance Advisors LLC boosted its stake 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 valued at $46,000 after buying an additional 189 shares in the last quarter. Ridgewood Investments LLC acquired a new position in FTAI Aviation during the second quarter worth $59,000. Finally, Raymond James Trust N.A. bought a new stake in shares of FTAI Aviation in the 3rd quarter worth about $200,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Trading Down 0.8 %

FTAI Aviation stock opened at $157.11 on Monday. The firm has a market capitalization of $16.11 billion, a P/E ratio of 64.92 and a beta of 2.06. The business has a 50-day moving average of $151.60 and a 200-day moving average of $121.88. FTAI Aviation Ltd. has a 1 year low of $41.45 and a 1 year high of $177.18.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The firm had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. Research analysts anticipate that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,199.88%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FTAI. Jefferies Financial Group lifted their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. Compass Point lifted 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. Benchmark upped their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $166.18.

About FTAI Aviation

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.