FTAI Aviation (NYSE:FTAI) Shares Down 9.2% – Time to Sell?

by · The Cerbat Gem

FTAI Aviation Ltd. (NYSE:FTAI – Get Free Report) dropped 9.2% on Friday . The stock traded as low as $130.72 and last traded at $130.53. Approximately 1,417,332 shares traded hands during trading, a decline of 65% from the average daily volume of 4,035,473 shares. The stock had previously closed at $143.82.

Wall Street Analyst Weigh In

FTAI has been the topic of several research analyst reports. Compass Point raised their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Barclays raised their price target on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Tuesday, January 21st. Citigroup raised their price target on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Stifel Nicolaus dropped their price target on FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.75.

Get Our Latest Research Report on FTAI

FTAI Aviation Trading Down 10.0 %

The firm has a 50 day simple moving average of $124.96 and a two-hundred day simple moving average of $132.87. The company has a market capitalization of $13.28 billion, a PE ratio of -1,294.74 and a beta of 2.05.

Institutional Trading of FTAI Aviation

A number of institutional investors have recently modified their holdings of the business. Creative Planning raised its holdings in FTAI Aviation by 81.7% during the third quarter. Creative Planning now owns 29,858 shares of the financial services provider’s stock worth $3,968,000 after purchasing an additional 13,423 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings 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 worth $352,000 after purchasing an additional 145 shares during the last quarter. International Assets Investment Management LLC raised its holdings in FTAI Aviation by 14,553.9% during the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock worth $74,959,000 after purchasing an additional 560,179 shares during the last quarter. Clear Harbor Asset Management LLC raised its holdings in FTAI Aviation by 1.4% during the third quarter. Clear Harbor Asset Management LLC now owns 24,575 shares of the financial services provider’s stock worth $3,266,000 after purchasing an additional 350 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new position in FTAI Aviation during the third quarter worth $225,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

About FTAI Aviation

(Get 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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