FTAI Aviation Ltd. (NASDAQ:FTAI) Short Interest Up 18.6% in April
by Scott Moore · The Cerbat GemFTAI Aviation Ltd. (NASDAQ:FTAI – Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 5,619,470 shares, a growth of 18.6% from the March 31st total of 4,739,156 shares. Currently, 5.6% of the company’s shares are short sold. Based on an average daily volume of 1,029,825 shares, the short-interest ratio is currently 5.5 days.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Diversify Wealth Management LLC purchased a new stake in FTAI Aviation in the first quarter valued at about $3,109,000. Sequoia Financial Advisors LLC grew its stake in shares of FTAI Aviation by 7.4% during the first quarter. Sequoia Financial Advisors LLC now owns 23,721 shares of the financial services provider’s stock worth $5,812,000 after acquiring an additional 1,631 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of FTAI Aviation during the first quarter valued at about $6,962,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of FTAI Aviation during the first quarter valued at about $46,517,000. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of FTAI Aviation in the 1st quarter valued at approximately $7,217,000. 88.96% of the stock is owned by institutional investors and hedge funds.
FTAI Aviation Stock Down 3.9%
Shares of NASDAQ:FTAI traded down $9.72 during trading on Friday, reaching $239.95. The stock had a trading volume of 1,664,269 shares, compared to its average volume of 1,389,957. The firm’s 50-day simple moving average is $254.67 and its 200 day simple moving average is $223.57. The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32. FTAI Aviation has a one year low of $88.82 and a one year high of $323.51. The company has a market capitalization of $24.61 billion, a P/E ratio of 47.61, a PEG ratio of 0.94 and a beta of 1.59.
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The firm had revenue of $830.70 million for the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 214.24%. The firm’s revenue was up 65.4% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. As a group, research analysts expect that FTAI Aviation will post 7.21 EPS for the current fiscal year.
FTAI Aviation Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 13th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio is presently 31.75%.
Analyst Upgrades and Downgrades
Several research firms have commented on FTAI. Barclays raised their price objective on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Weiss Ratings lowered FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Zacks Research upgraded FTAI Aviation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 22nd. Morgan Stanley upped their price objective on shares of FTAI Aviation from $266.00 to $293.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 24th. Finally, Royal Bank Of Canada increased their target price on shares of FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $317.38.
Read Our Latest Stock Report on FTAI
About FTAI Aviation
FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.
In addition to lease origination, FTAI Aviation offers end-to-end asset management services.