Traders Buy Large Volume of FTAI Aviation Call Options (NASDAQ:FTAI)
by Renee Jackson · The Cerbat GemFTAI Aviation Ltd. (NASDAQ:FTAI – Get Free Report) was the target of some unusual options trading activity on Tuesday. Traders purchased 5,467 call options on the company. This represents an increase of 162% compared to the average volume of 2,088 call options.
Insider Activity
In other FTAI Aviation news, COO David Moreno acquired 4,354 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the purchase, the chief operating officer owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.
Institutional Trading of FTAI Aviation
Several institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. purchased a new position in shares of FTAI Aviation during the 3rd quarter worth $28,000. Parallel Advisors LLC grew its holdings in FTAI Aviation by 78.5% during the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $35,000 after buying an additional 135 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of FTAI Aviation by 880.0% during the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock valued at $57,000 after buying an additional 308 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new position in shares of FTAI Aviation in the second quarter worth $60,000. Finally, GAMMA Investing LLC boosted its position in shares of FTAI Aviation by 22.7% during the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 97 shares during the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Zacks Research cut FTAI Aviation from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. BTIG Research reaffirmed a “buy” rating and issued a $230.00 price target on shares of FTAI Aviation in a research note on Tuesday. Royal Bank Of Canada upped their price target on shares of FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Barclays raised their price objective on shares of FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Finally, Jones Trading initiated coverage on FTAI Aviation in a research note on Friday, October 10th. They issued a “buy” rating and a $306.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $203.63.
Check Out Our Latest Analysis on FTAI
FTAI Aviation Trading Up 14.0%
Shares of FTAI traded up $24.22 during trading hours on Tuesday, reaching $197.05. The stock had a trading volume of 3,043,176 shares, compared to its average volume of 1,835,279. The firm has a 50-day simple moving average of $169.35 and a 200 day simple moving average of $153.04. FTAI Aviation has a 12 month low of $75.06 and a 12 month high of $199.88. The company has a market capitalization of $20.21 billion, a price-to-earnings ratio of 44.99 and a beta of 1.56.
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last released its earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The company had revenue of $667.06 million during the quarter, compared to analysts’ expectations of $662.51 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The firm’s revenue was up 43.2% compared to the same quarter last year. On average, equities analysts forecast that FTAI Aviation will post 2.2 EPS for the current year.
FTAI Aviation Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 annualized dividend and a yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is currently 31.96%.
FTAI Aviation Company Profile
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.