FTAI Aviation Ltd. (NYSE:FTAI) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC lessened its position in shares of FTAI Aviation Ltd. (NYSE:FTAI) by 32.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,228 shares of the financial services provider’s stock after selling 7,455 shares during the quarter. Legato Capital Management LLC’s holdings in FTAI Aviation were worth $2,193,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westfield Capital Management Co. LP raised its position in FTAI Aviation by 87.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after acquiring an additional 773,017 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of FTAI Aviation by 14,553.9% during the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock worth $74,959,000 after purchasing an additional 560,179 shares during the last quarter. Victory Capital Management Inc. lifted its stake in FTAI Aviation by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock valued at $50,530,000 after buying an additional 264,971 shares in the last quarter. Vantage Investment Partners LLC acquired a new stake in FTAI Aviation during the 3rd quarter valued at $32,769,000. Finally, Franklin Resources Inc. increased its position in FTAI Aviation by 102.8% during the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after buying an additional 208,613 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Up 2.4 %

Shares of NYSE FTAI opened at $119.51 on Wednesday. The stock has a market capitalization of $12.26 billion, a PE ratio of 49.10 and a beta of 2.05. The firm has a fifty day moving average of $129.49 and a 200-day moving average of $132.67. FTAI Aviation Ltd. has a 52-week low of $52.14 and a 52-week high of $181.64.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Compass Point boosted their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Finally, StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and an average price target of $171.75.

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.