Lisanti Capital Growth LLC Sells 57,715 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

Lisanti Capital Growth LLC cut its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 77.1% in the fourth quarter, HoldingsChannel reports. The fund owned 17,110 shares of the financial services provider’s stock after selling 57,715 shares during the period. Lisanti Capital Growth LLC’s holdings in FTAI Aviation were worth $2,465,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Westfield Capital Management Co. LP increased its holdings in FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after acquiring an additional 773,017 shares during the last quarter. Victory Capital Management Inc. lifted its position in FTAI Aviation by 229.9% during the third quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock valued at $50,530,000 after purchasing an additional 264,971 shares during the last quarter. Vantage Investment Partners LLC bought a new position in FTAI Aviation during the third quarter valued at $32,769,000. Franklin Resources Inc. boosted its stake in shares of FTAI Aviation by 102.8% during the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after purchasing an additional 208,613 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of FTAI Aviation by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock valued at $153,474,000 after buying an additional 182,252 shares during the period. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Down 4.3 %

FTAI stock opened at $108.28 on Friday. The company’s 50-day simple moving average is $124.31 and its 200-day simple moving average is $134.47. FTAI Aviation Ltd. has a 52-week low of $54.84 and a 52-week high of $181.64. The firm has a market cap of $11.10 billion, a P/E ratio of -1,082.69 and a beta of 2.05.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, March 14th. FTAI Aviation’s payout ratio is currently -342.86%.

Analyst Upgrades and Downgrades

FTAI has been the subject of several recent analyst reports. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research report on Friday, January 10th. Stifel Nicolaus reissued a “hold” rating and issued a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday. Compass Point boosted their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. BTIG Research upped their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Finally, StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and an average price target of $173.67.

About FTAI Aviation

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.