Proficio Capital Partners LLC Invests $2.30 Million in FTAI Aviation Ltd. (NYSE:FTAI)

Proficio Capital Partners LLC acquired a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,988 shares of the financial services provider’s stock, valued at approximately $2,303,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of FTAI Aviation by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after buying an additional 61,897 shares in the last quarter. State Street Corp boosted its stake in FTAI Aviation by 1.7% in the third quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after acquiring an additional 38,279 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in FTAI Aviation by 87.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after acquiring an additional 773,017 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in FTAI Aviation by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after purchasing an additional 182,252 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of FTAI Aviation by 10.0% during the third quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after purchasing an additional 95,200 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

NYSE FTAI opened at $102.39 on Wednesday. FTAI Aviation Ltd. has a 1 year low of $58.41 and a 1 year high of $181.64. The company has a market capitalization of $10.50 billion, a PE ratio of -1,023.80 and a beta of 2.06. The company has a fifty day moving average of $117.28 and a 200 day moving average of $133.50.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be paid 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 1.17%. FTAI Aviation’s payout ratio is -342.86%.

Analyst Ratings Changes

FTAI has been the topic of several research analyst reports. Stifel Nicolaus restated a “hold” rating and set a $123.00 target price (up from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research note on Wednesday, January 22nd. BTIG Research increased their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research report on Saturday. Finally, Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target 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 assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $173.67.

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.