Private Advisor Group LLC Sells 1,530 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Private Advisor Group LLC trimmed its position in FTAI Aviation Ltd. (NYSE:FTAI) by 12.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 11,158 shares of the financial services provider’s stock after selling 1,530 shares during the period. Private Advisor Group LLC’s holdings in FTAI Aviation were worth $1,483,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Diversified Trust Co bought a new position in FTAI Aviation in the 3rd quarter valued at $1,738,000. ClariVest Asset Management LLC bought a new position in FTAI Aviation in the 1st quarter valued at $1,802,000. Price T Rowe Associates Inc. MD boosted its position in FTAI Aviation by 1,488.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after buying an additional 813,311 shares during the last quarter. Entropy Technologies LP bought a new position in FTAI Aviation in the 1st quarter valued at $340,000. Finally, SG Americas Securities LLC bought a new position in FTAI Aviation in the 1st quarter valued at $384,000. 88.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wolfe Research lowered FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. Compass Point raised their price target on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Citigroup raised their price target on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday. Jefferies Financial Group raised their price target on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Benchmark raised their price target on FTAI Aviation from $100.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.64.

FTAI Aviation Price Performance

FTAI opened at $145.30 on Thursday. The business’s 50-day moving average price is $131.88 and its two-hundred day moving average price is $105.59. FTAI Aviation Ltd. has a 1 year low of $36.25 and a 1 year high of $149.74. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 66.35 and a beta of 2.04.

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.