Handelsbanken Fonder AB Grows Position in FTAI Aviation Ltd. (NYSE:FTAI)

Handelsbanken Fonder AB grew its stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,600 shares of the financial services provider’s stock after buying an additional 600 shares during the period. Handelsbanken Fonder AB’s holdings in FTAI Aviation were worth $3,976,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FTAI. Brown Brothers Harriman & Co. purchased a new stake in FTAI Aviation during the third quarter valued at about $26,000. Anchor Investment Management LLC bought a new stake in FTAI Aviation in the third quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in FTAI Aviation in the fourth quarter valued at about $36,000. Farther Finance Advisors LLC grew its holdings in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 189 shares during the last quarter. Finally, Blue Trust Inc. bought a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $56,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $129.31 on Monday. The stock has a market cap of $13.26 billion, a PE ratio of -1,292.97 and a beta of 2.06. FTAI Aviation Ltd. has a fifty-two week low of $53.77 and a fifty-two week high of $181.64. The firm’s 50-day simple moving average is $124.91 and its 200 day simple moving average is $133.54.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Stifel Nicolaus cut their target price on FTAI Aviation from $167.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. BTIG Research increased their target price 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. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a report on Tuesday, January 21st. Barclays increased their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Compass Point raised their price target 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. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $171.75.

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.