Peregrine Asset Advisers Inc. Makes New $1.02 Million Investment in FTAI Aviation Ltd. (NYSE:FTAI)

Peregrine Asset Advisers Inc. purchased a new stake in shares of FTAI Aviation Ltd. (NYSE:FTAI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,081 shares of the financial services provider’s stock, valued at approximately $1,020,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new stake in FTAI Aviation during the third quarter valued at $26,000. Anchor Investment Management LLC bought a new stake in shares of FTAI Aviation during the 3rd quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FTAI Aviation during the 4th quarter valued at about $36,000. Farther Finance Advisors LLC lifted its stake 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 period. Finally, Blue Trust Inc. purchased a new position in shares of FTAI Aviation in the fourth quarter worth approximately $56,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Stock Down 10.1 %

NYSE FTAI opened at $129.31 on Friday. The business has a 50-day moving average price of $124.91 and a 200-day moving average price of $133.09. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of -1,292.97 and a beta of 2.05. FTAI Aviation Ltd. has a twelve month low of $53.77 and a twelve month high of $181.64.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FTAI. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a report on Friday, January 10th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Tuesday, January 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Citigroup boosted their price target on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Compass Point raised their price objective on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently 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.