FTAI Infrastructure (NASDAQ:FIP) Trading Down 4.4% – Here’s What Happened

FTAI Infrastructure Inc. (NASDAQ:FIP) shares traded down 4.4% during mid-day trading on Thursday . The stock traded as low as $6.56 and last traded at $6.44. 177,103 shares changed hands during trading, a decline of 80% from the average session volume of 887,986 shares. The stock had previously closed at $6.73.

FTAI Infrastructure Stock Performance

The firm has a fifty day moving average of $7.35 and a 200-day moving average of $8.45. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 6.07. The firm has a market cap of $741.65 million, a P/E ratio of -3.29 and a beta of 1.44.

Institutional Investors Weigh In On FTAI Infrastructure

Institutional investors have recently modified their holdings of the business. FMR LLC lifted its stake in FTAI Infrastructure by 5,651.2% in the third quarter. FMR LLC now owns 348,349 shares of the company’s stock valued at $3,261,000 after buying an additional 342,292 shares during the period. Barclays PLC raised its position in shares of FTAI Infrastructure by 283.8% in the 3rd quarter. Barclays PLC now owns 159,387 shares of the company’s stock valued at $1,492,000 after acquiring an additional 117,863 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in FTAI Infrastructure by 198.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock worth $7,941,000 after acquiring an additional 564,566 shares during the last quarter. Highland Peak Capital LLC increased its stake in FTAI Infrastructure by 194.3% in the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock valued at $16,430,000 after purchasing an additional 1,158,816 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in FTAI Infrastructure by 113.8% in the third quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company’s stock valued at $4,851,000 after purchasing an additional 275,903 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

About FTAI Infrastructure

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.