Private Advisor Group LLC Sells 1,263 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Private Advisor Group LLC lowered its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 11.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,895 shares of the financial services provider’s stock after selling 1,263 shares during the quarter. Private Advisor Group LLC’s holdings in FTAI Aviation were worth $1,425,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in FTAI Aviation during the third quarter worth approximately $26,000. Anchor Investment Management LLC bought a new stake in shares of FTAI Aviation in the third quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $36,000. Farther Finance Advisors LLC boosted its position in shares of FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 189 shares during the period. Finally, Blue Trust Inc. bought a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $56,000. Institutional investors own 88.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. BTIG Research increased their price objective on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Benchmark increased their price objective on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus reduced their price objective on FTAI Aviation from $167.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Barclays increased their price objective on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $171.75.

FTAI Aviation Stock Performance

Shares of NYSE FTAI opened at $140.32 on Thursday. The stock has a market cap of $14.39 billion, a PE ratio of -1,403.06 and a beta of 2.06. The business has a fifty day moving average of $125.23 and a two-hundred day moving average of $133.96. FTAI Aviation Ltd. has a 52-week low of $54.84 and a 52-week high of $181.64.

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.