WCM Investment Management LLC Sells 104,100 Shares of FTAI Aviation Ltd. (NYSE:FTAI)

WCM Investment Management LLC trimmed its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 32.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 217,787 shares of the financial services provider’s stock after selling 104,100 shares during the period. WCM Investment Management LLC’s holdings in FTAI Aviation were worth $31,370,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Westfield Capital Management Co. LP grew its holdings in shares of 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 worth $220,618,000 after purchasing an additional 773,017 shares during the last quarter. International Assets Investment Management LLC boosted its position in 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 valued at $74,959,000 after buying an additional 560,179 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of 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 worth $50,530,000 after buying an additional 264,971 shares in the last quarter. Vantage Investment Partners LLC bought a new position in shares of FTAI Aviation in the third quarter valued at approximately $32,769,000. Finally, Franklin Resources Inc. boosted its holdings in shares of FTAI Aviation by 102.8% in the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after acquiring an additional 208,613 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on FTAI. Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Benchmark increased their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup boosted their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a report on Friday, January 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.75.

FTAI Aviation Price Performance

Shares of NYSE:FTAI opened at $112.84 on Friday. The firm’s 50 day simple moving average is $131.33 and its 200 day simple moving average is $132.38. FTAI Aviation Ltd. has a fifty-two week low of $52.02 and a fifty-two week high of $181.64. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of -1,128.29 and a beta of 2.05.

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.