Creative Planning Grows Stock Position in FTAI Aviation Ltd. (NYSE:FTAI)

Creative Planning lifted its holdings in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 81.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 29,858 shares of the financial services provider’s stock after acquiring an additional 13,423 shares during the period. Creative Planning’s holdings in FTAI Aviation were worth $3,968,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Arcadia Investment Management Corp MI purchased a new stake in FTAI Aviation during the 2nd quarter worth approximately $33,000. Ridgewood Investments LLC purchased a new position in FTAI Aviation in the 2nd quarter worth $59,000. RiverPark Advisors LLC acquired a new stake in FTAI Aviation during the 2nd quarter worth about $202,000. Profund Advisors LLC acquired a new position in shares of FTAI Aviation in the second quarter valued at about $205,000. Finally, CWM LLC raised its stake in shares of FTAI Aviation by 88.0% in the second quarter. CWM LLC now owns 1,998 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 935 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on FTAI shares. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and increased their price target for the stock from $69.00 to $132.00 in a report on Friday, July 26th. Royal Bank of Canada reissued a “buy” rating on shares of FTAI Aviation in a report on Friday, October 18th. Benchmark upped their price target on shares of FTAI Aviation from $100.00 to $150.00 and gave the company a “buy” rating in a report on Friday, August 16th. Wolfe Research downgraded FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus target price of $138.64.

FTAI Aviation Trading Up 0.7 %

NYSE:FTAI opened at $144.24 on Friday. The stock has a 50 day moving average of $130.23 and a two-hundred day moving average of $103.84. FTAI Aviation Ltd. has a 12 month low of $34.63 and a 12 month high of $149.74. The firm has a market cap of $14.46 billion, a P/E ratio of 65.86 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. The firm had revenue of $443.59 million during the quarter, compared to analyst estimates of $361.92 million. On average, research analysts forecast that FTAI Aviation Ltd. will post 2.13 earnings per share for the current year.

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.