GSA Capital Partners LLP Invests $260,000 in FTAI Aviation Ltd. (NYSE:FTAI)

GSA Capital Partners LLP bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,958 shares of the financial services provider’s stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTAI. Foundations Investment Advisors LLC increased its position in FTAI Aviation by 5.8% during the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock worth $352,000 after buying an additional 145 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 189 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of FTAI Aviation by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock valued at $1,163,000 after purchasing an additional 216 shares during the last quarter. Xponance Inc. grew its position in FTAI Aviation by 4.1% in the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock valued at $648,000 after acquiring an additional 248 shares during the last quarter. Finally, Atria Investments Inc raised its stake in FTAI Aviation by 3.9% during the third quarter. Atria Investments Inc now owns 6,630 shares of the financial services provider’s stock worth $881,000 after acquiring an additional 251 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FTAI. Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Compass Point boosted their target price on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a report on Friday, November 1st. Benchmark increased their price target on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup upped their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Stock Performance

NYSE FTAI opened at $173.71 on Friday. FTAI Aviation Ltd. has a one year low of $40.29 and a one year high of $177.18. The company has a market capitalization of $17.81 billion, a P/E ratio of -1,736.93 and a beta of 2.04. The stock has a 50 day moving average price of $144.37 and a 200-day moving average price of $115.61.

FTAI Aviation (NYSE:FTAI) last released its earnings results 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 business had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company’s quarterly revenue was up 60.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. As a group, equities analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. FTAI Aviation’s payout ratio is -1,199.88%.

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.