Kingsview Wealth Management LLC Buys Shares of 2,299 FTAI Aviation Ltd. (NYSE:FTAI)

Kingsview Wealth Management LLC bought a new stake in FTAI Aviation Ltd. (NYSE:FTAI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,299 shares of the financial services provider’s stock, valued at approximately $331,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FTAI. Westfield Capital Management Co. LP raised its stake in shares of FTAI Aviation by 87.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after buying an additional 773,017 shares during the last quarter. International Assets Investment Management LLC raised its stake in FTAI Aviation by 14,553.9% in the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after purchasing an additional 560,179 shares during the last quarter. Victory Capital Management Inc. raised its stake in FTAI Aviation by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock valued at $50,530,000 after purchasing an additional 264,971 shares during the last quarter. Vantage Investment Partners LLC acquired a new position in FTAI Aviation in the 3rd quarter valued at about $32,769,000. Finally, Franklin Resources Inc. raised its stake in FTAI Aviation by 102.8% in the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock valued at $54,685,000 after purchasing an additional 208,613 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Price Performance

FTAI stock opened at $113.59 on Friday. FTAI Aviation Ltd. has a 52-week low of $52.14 and a 52-week high of $181.64. The company’s 50 day simple moving average is $126.61 and its 200-day simple moving average is $132.38. The firm has a market capitalization of $11.65 billion, a P/E ratio of -1,135.79 and a beta of 2.05.

Analysts Set New Price Targets

Several analysts have commented on FTAI shares. Stifel Nicolaus lowered their price target on FTAI Aviation from $167.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Wolfe Research upgraded 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. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Finally, Citigroup upped their target price on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $171.75.

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.