SeaCrest Wealth Management LLC Cuts Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

SeaCrest Wealth Management LLC cut its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 57.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,775 shares of the financial services provider’s stock after selling 3,780 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in FTAI Aviation were worth $308,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Weybosset Research & Management LLC purchased a new stake in shares of FTAI Aviation during the 1st quarter worth about $9,185,000. Rhumbline Advisers raised its holdings in FTAI Aviation by 9.3% in the 1st quarter. Rhumbline Advisers now owns 155,295 shares of the financial services provider’s stock worth $17,242,000 after purchasing an additional 13,223 shares during the period. GAMMA Investing LLC raised its holdings in FTAI Aviation by 24,780.1% in the 1st quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider’s stock worth $5,276,000 after purchasing an additional 47,330 shares during the period. Versant Capital Management Inc boosted its position in FTAI Aviation by 420.9% during the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 181 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in FTAI Aviation by 0.6% in the fourth quarter. California State Teachers Retirement System now owns 95,525 shares of the financial services provider’s stock valued at $13,759,000 after purchasing an additional 603 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Trading Up 4.6%

FTAI stock opened at $129.17 on Monday. The firm has a 50-day moving average of $107.22 and a two-hundred day moving average of $120.33. FTAI Aviation Ltd. has a 12 month low of $75.06 and a 12 month high of $181.64. The company has a market cap of $13.25 billion, a price-to-earnings ratio of -1,291.57 and a beta of 1.66.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. FTAI Aviation’s revenue for the quarter was up 53.7% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. As a group, equities analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation’s dividend payout ratio (DPR) is presently 571.43%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FTAI. JMP Securities reduced their target price on FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating for the company in a research note on Thursday, May 8th. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of FTAI Aviation to a “sell” rating in a research report on Wednesday, April 23rd. Barclays cut their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Finally, Citizens Jmp raised shares of FTAI Aviation to a “strong-buy” rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.83.

Insider Activity

In other FTAI Aviation news, CEO Joseph P. Jr. Adams acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average cost of $94.54 per share, for a total transaction of $283,620.00. Following the completion of the acquisition, the chief executive officer now owns 341,852 shares of the company’s stock, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stacy Kuperus acquired 1,087 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average price of $92.90 per share, with a total value of $100,982.30. Following the completion of the transaction, the insider now directly owns 88,423 shares of the company’s stock, valued at $8,214,496.70. This trade represents a 1.24% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 10,667 shares of company stock valued at $1,008,715. 1.30% of the stock is currently owned by insiders.

About FTAI Aviation

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.