Cannon Global Investment Management LLC Acquires Shares of 8,400 FTAI Aviation Ltd. (NYSE:FTAI)

Cannon Global Investment Management LLC acquired a new position in FTAI Aviation Ltd. (NYSE:FTAIFree Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,400 shares of the financial services provider’s stock, valued at approximately $1,116,000. FTAI Aviation accounts for 1.8% of Cannon Global Investment Management LLC’s portfolio, making the stock its 11th biggest holding.

Several other institutional investors have also recently made changes to their positions in FTAI. Foundations Investment Advisors LLC raised its position in FTAI Aviation by 5.8% during the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock valued at $352,000 after acquiring an additional 145 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares during the period. Hsbc Holdings PLC increased its holdings in shares of FTAI Aviation by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock valued at $1,163,000 after purchasing an additional 216 shares in the last quarter. Xponance Inc. lifted its stake in shares of FTAI Aviation by 4.1% in the 2nd quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 248 shares during the period. Finally, Arcadia Investment Management Corp MI purchased a new stake in FTAI Aviation during the second quarter worth $33,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wolfe Research downgraded shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. StockNews.com raised FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Compass Point raised their price objective on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a report on Friday, September 27th. Citigroup increased their target price on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus target price of $162.09.

Read Our Latest Stock Analysis on FTAI Aviation

FTAI Aviation Trading Up 6.0 %

FTAI stock traded up $8.02 during mid-day trading on Friday, reaching $142.46. The company’s stock had a trading volume of 2,497,481 shares, compared to its average volume of 1,166,260. The company’s 50 day moving average is $132.60 and its two-hundred day moving average is $106.29. The stock has a market cap of $14.56 billion, a PE ratio of -1,424.46 and a beta of 2.04. FTAI Aviation Ltd. has a fifty-two week low of $38.57 and a fifty-two week high of $149.74.

FTAI Aviation (NYSE:FTAIGet Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The company had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The firm’s revenue was up 60.0% on a year-over-year basis. On average, analysts forecast that FTAI Aviation Ltd. will post 2.17 earnings per share for the current fiscal year.

FTAI Aviation Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FTAI Aviation (NYSE:FTAI)

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