FTAI Aviation Ltd. (NYSE:FTAI) Stock Holdings Lessened by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 51.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 60,302 shares of the financial services provider’s stock after selling 63,923 shares during the quarter. New York State Common Retirement Fund’s holdings in FTAI Aviation were worth $8,686,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Orion Portfolio Solutions LLC lifted its holdings in shares of FTAI Aviation by 2.9% during the third quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 102 shares during the last quarter. Merit Financial Group LLC lifted its stake in FTAI Aviation by 2.5% during the fourth quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock valued at $613,000 after buying an additional 105 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of FTAI Aviation by 6.3% in the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock worth $288,000 after buying an additional 129 shares during the period. CIBC Asset Management Inc increased its position in shares of FTAI Aviation by 4.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider’s stock worth $488,000 after acquiring an additional 147 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of FTAI Aviation by 7.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 161 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FTAI. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research note on Friday, January 10th. Compass Point lifted their price target on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Barclays raised their price objective on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, BTIG Research upped their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $171.75.

FTAI Aviation Stock Up 2.2 %

NYSE FTAI opened at $132.95 on Wednesday. The stock has a market capitalization of $13.63 billion, a PE ratio of -1,329.37 and a beta of 2.06. FTAI Aviation Ltd. has a 12-month low of $54.84 and a 12-month high of $181.64. The company has a 50 day moving average price of $124.96 and a two-hundred day moving average price of $133.92.

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.