Roubaix Capital LLC Cuts Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Roubaix Capital LLC reduced its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 15.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,710 shares of the financial services provider’s stock after selling 13,878 shares during the quarter. FTAI Aviation makes up about 5.5% of Roubaix Capital LLC’s holdings, making the stock its 2nd biggest holding. Roubaix Capital LLC’s holdings in FTAI Aviation were worth $9,929,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Capital International Investors bought a new position in FTAI Aviation in the first quarter worth $274,052,000. American Century Companies Inc. grew its holdings in FTAI Aviation by 1,923.5% in the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after purchasing an additional 924,730 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of FTAI Aviation by 1,488.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after purchasing an additional 813,311 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of 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 worth $74,959,000 after purchasing an additional 560,179 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of FTAI Aviation by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock worth $608,426,000 after buying an additional 533,381 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FTAI shares. Deutsche Bank Aktiengesellschaft increased their target price on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Barclays lifted their target price on FTAI Aviation from $80.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Citigroup lifted their price objective on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.64.

FTAI Aviation Trading Up 1.3 %

FTAI stock opened at $145.30 on Thursday. The stock has a market cap of $14.57 billion, a PE ratio of 66.35 and a beta of 2.04. FTAI Aviation Ltd. has a 12 month low of $36.25 and a 12 month high of $149.74. The company has a 50-day moving average price of $131.88 and a 200 day moving average price of $105.59.

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.