FTAI Aviation (NASDAQ:FTAIM) Trading 1% Higher – Should You Buy?

FTAI Aviation Ltd. (NASDAQ:FTAIM) shares were up 1% during trading on Monday . The company traded as high as $26.00 and last traded at $26.01. Approximately 3,042 shares changed hands during trading, a decline of 82% from the average daily volume of 16,863 shares. The stock had previously closed at $25.76.

FTAI Aviation Stock Up 1.0 %

The company has a 50 day moving average price of $26.37 and a 200-day moving average price of $26.48.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. boosted its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 162,650 shares of the company’s stock after purchasing an additional 34,300 shares during the quarter. FTAI Aviation comprises approximately 1.2% of Shikiar Asset Management Inc.’s holdings, making the stock its 29th largest position. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,359,000 at the end of the most recent quarter.

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.