Allworth Financial LP Acquires 922 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Allworth Financial LP increased its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 487.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,111 shares of the financial services provider’s stock after acquiring an additional 922 shares during the quarter. Allworth Financial LP’s holdings in FTAI Aviation were worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of FTAI Aviation by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock worth $317,202,000 after acquiring an additional 61,897 shares in the last quarter. State Street Corp increased its stake in shares of FTAI Aviation by 1.7% in the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock worth $308,999,000 after acquiring an additional 38,279 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after acquiring an additional 773,017 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of FTAI Aviation by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after acquiring an additional 182,252 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of FTAI Aviation by 10.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after acquiring an additional 95,200 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Down 10.1 %

Shares of FTAI stock opened at $129.31 on Friday. The company has a 50 day moving average price of $124.91 and a 200-day moving average price of $133.31. FTAI Aviation Ltd. has a 52 week low of $53.77 and a 52 week high of $181.64. The firm has a market capitalization of $13.26 billion, a PE ratio of -1,292.97 and a beta of 2.05.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FTAI shares. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Tuesday, January 21st. BTIG Research raised their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Wolfe Research upgraded 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 raised their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus reduced their price objective on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.75.

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.