FTAI Infrastructure’s (FIP) “Market Outperform” Rating Reaffirmed at JMP Securities

FTAI Infrastructure (NASDAQ:FIP)‘s stock had its “market outperform” rating reaffirmed by equities researchers at JMP Securities in a report issued on Tuesday,Benzinga reports. They currently have a $12.00 price objective on the stock. JMP Securities’ price target points to a potential upside of 206.12% from the stock’s previous close.

FTAI Infrastructure Stock Performance

NASDAQ FIP opened at $3.92 on Tuesday. The company has a market capitalization of $446.65 million, a price-to-earnings ratio of -1.98 and a beta of 1.69. FTAI Infrastructure has a twelve month low of $3.10 and a twelve month high of $10.46. The stock has a fifty day simple moving average of $4.72 and a 200 day simple moving average of $6.91. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of FTAI Infrastructure by 12.6% in the 4th quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company’s stock valued at $47,463,000 after purchasing an additional 730,895 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in FTAI Infrastructure by 32.7% in the fourth quarter. Hood River Capital Management LLC now owns 5,891,840 shares of the company’s stock valued at $42,775,000 after buying an additional 1,452,567 shares during the period. Capital International Investors boosted its position in FTAI Infrastructure by 17.0% during the fourth quarter. Capital International Investors now owns 5,345,350 shares of the company’s stock valued at $38,807,000 after acquiring an additional 778,376 shares during the last quarter. Geode Capital Management LLC grew its holdings in FTAI Infrastructure by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 2,499,861 shares of the company’s stock worth $18,153,000 after acquiring an additional 72,560 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in shares of FTAI Infrastructure by 49.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,081,888 shares of the company’s stock worth $15,115,000 after acquiring an additional 687,413 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.