Clear Harbor Asset Management LLC Increases Position in FTAI Aviation Ltd. (NYSE:FTAI)

by · The Markets Daily

Clear Harbor Asset Management LLC increased its holdings in FTAI Aviation Ltd. (NYSE:FTAI – Free Report) by 1.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,575 shares of the financial services provider’s stock after purchasing an additional 350 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in FTAI Aviation were worth $3,266,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of FTAI Aviation by 6.3% in the first quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock valued at $608,426,000 after purchasing an additional 533,381 shares during the period. Capital International Investors purchased a new stake in FTAI Aviation during the 1st quarter worth approximately $274,052,000. American Century Companies Inc. raised its holdings in shares of FTAI Aviation by 1,923.5% during the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after acquiring an additional 924,730 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of FTAI Aviation by 1,488.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after acquiring an additional 813,311 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of FTAI Aviation by 14,553.9% in 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 acquiring an additional 560,179 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FTAI shares. BTIG Research started coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 target price for the company. Compass Point raised their target price on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus upgraded FTAI Aviation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $69.00 to $132.00 in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft increased their price target on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group boosted their price objective on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.64.

View Our Latest Stock Report on FTAI

FTAI Aviation Price Performance

Shares of FTAI opened at $144.24 on Friday. The firm has a 50-day simple moving average of $130.23 and a two-hundred day simple moving average of $104.07. FTAI Aviation Ltd. has a 1-year low of $34.63 and a 1-year high of $149.74. The stock has a market cap of $14.74 billion, a PE ratio of -272.15 and a beta of 2.04.

About FTAI Aviation

(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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