Wrapmanager Inc. Has $236,000 Stock Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Wrapmanager Inc. decreased its holdings in FTAI Aviation Ltd. (NYSE:FTAI) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,639 shares of the financial services provider’s stock after selling 285 shares during the quarter. Wrapmanager Inc.’s holdings in FTAI Aviation were worth $236,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in FTAI. Nicholas Hoffman & Company LLC. acquired a new position in shares of FTAI Aviation in the 3rd quarter valued at $266,000. Farther Finance Advisors LLC grew its holdings in shares of FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of FTAI Aviation by 191.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 46,799 shares of the financial services provider’s stock worth $6,220,000 after purchasing an additional 30,731 shares during the last quarter. Cannon Global Investment Management LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter worth about $1,116,000. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter worth about $498,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Trading Up 2.2 %

FTAI Aviation stock opened at $132.95 on Wednesday. FTAI Aviation Ltd. has a 1 year low of $54.84 and a 1 year high of $181.64. The company has a market cap of $13.63 billion, a PE ratio of -1,329.37 and a beta of 2.06. The company’s 50-day moving average is $124.96 and its two-hundred day moving average is $133.92.

Analyst Ratings Changes

FTAI has been the topic of several analyst reports. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a report on Tuesday, January 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. Compass Point upped their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. BTIG Research upped their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Finally, Barclays increased their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.75.

FTAI Aviation 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.