Avantax Advisory Services Inc. Makes New Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Avantax Advisory Services Inc. acquired a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,500 shares of the financial services provider’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sara Bay Financial acquired a new position in FTAI Aviation during the 4th quarter valued at approximately $547,000. Ibex Wealth Advisors purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at $3,518,000. Luxor Capital Group LP acquired a new position in shares of FTAI Aviation in the 3rd quarter valued at $1,298,000. Rhumbline Advisers raised its stake in FTAI Aviation by 2.2% in the 4th quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock worth $20,464,000 after acquiring an additional 3,121 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its position in FTAI Aviation by 77.1% during the 4th quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock worth $944,000 after acquiring an additional 2,853 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FTAI. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Saturday, March 15th. BTIG Research lifted their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a report on Friday, January 10th. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a report on Thursday, March 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $123.00 price target (up from $100.00) on shares of FTAI Aviation in a report on Monday, March 3rd. Two investment 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 presently has a consensus rating of “Moderate Buy” and an average target price of $173.67.

FTAI Aviation Stock Down 2.5 %

Shares of FTAI Aviation stock opened at $114.00 on Thursday. The firm has a market cap of $11.69 billion, a PE ratio of -1,139.89 and a beta of 2.06. The business has a 50-day moving average price of $111.74 and a 200 day moving average price of $133.07. FTAI Aviation Ltd. has a twelve month low of $65.00 and a twelve month high of $181.64.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, March 14th. FTAI Aviation’s payout ratio is -342.86%.

FTAI Aviation Company 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.