Xponance Inc. Has $1.06 Million Stake in FTAI Aviation Ltd. (NYSE:FTAI)

Xponance Inc. grew its position in FTAI Aviation Ltd. (NYSE:FTAI) by 10.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,327 shares of the financial services provider’s stock after acquiring an additional 688 shares during the period. Xponance Inc.’s holdings in FTAI Aviation were worth $1,055,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in FTAI. Sara Bay Financial bought a new position in FTAI Aviation during the fourth quarter worth $547,000. Ibex Wealth Advisors acquired a new stake in FTAI Aviation in the fourth quarter valued at approximately $3,518,000. Luxor Capital Group LP bought a new stake in FTAI Aviation during the 3rd quarter valued at $1,298,000. Rhumbline Advisers increased its position in shares of FTAI Aviation by 2.2% during the fourth quarter. Rhumbline Advisers now owns 142,072 shares of the financial services provider’s stock worth $20,464,000 after acquiring an additional 3,121 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its holdings in FTAI Aviation by 77.1% during the 4th quarter. SeaCrest Wealth Management LLC now owns 6,555 shares of the financial services provider’s stock worth $944,000 after purchasing an additional 2,853 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

Shares of FTAI opened at $107.23 on Monday. The company has a 50-day simple moving average of $113.51 and a two-hundred day simple moving average of $133.20. The firm has a market capitalization of $11.00 billion, a PE ratio of -1,072.19 and a beta of 2.06. FTAI Aviation Ltd. has a one year low of $65.00 and a one year high of $181.64.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 14th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.12%. FTAI Aviation’s dividend payout ratio is presently -342.86%.

Analysts Set New Price Targets

A number of brokerages have issued reports on FTAI. BTIG Research upped their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a report on Friday, January 10th. Compass Point boosted their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a report on Wednesday, January 22nd. Finally, Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $173.67.

FTAI Aviation Company Profile

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.