Brookstone Capital Management Sells 1,087 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Brookstone Capital Management trimmed its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 25.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,249 shares of the financial services provider’s stock after selling 1,087 shares during the quarter. Brookstone Capital Management’s holdings in FTAI Aviation were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC lifted its holdings in shares of FTAI Aviation by 2.9% during the third quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 102 shares during the last quarter. MML Investors Services LLC grew its stake in shares of FTAI Aviation by 6.3% in the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock worth $288,000 after buying an additional 129 shares during the last quarter. Foundations Investment Advisors LLC increased its position in FTAI Aviation by 5.8% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock valued at $352,000 after buying an additional 145 shares in the last quarter. Farther Finance Advisors LLC raised its stake in FTAI Aviation by 118.1% during the third 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 during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in FTAI Aviation in the third quarter worth $26,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Trading Down 6.4 %

Shares of FTAI opened at $112.38 on Friday. The firm has a market cap of $11.52 billion, a PE ratio of -1,123.69 and a beta of 2.09. FTAI Aviation Ltd. has a 1-year low of $48.63 and a 1-year high of $181.64. The firm has a fifty day simple moving average of $150.50 and a two-hundred day simple moving average of $132.28.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 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 analysts’ expectations 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 was up 60.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. As a group, research analysts forecast that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Analyst Upgrades and Downgrades

FTAI has been the subject of several analyst reports. Stifel Nicolaus raised their price target on FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Jefferies Financial Group raised their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Citigroup raised their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $177.33.

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.