Principal Financial Group Inc. significantly increased its investment in FTAI Aviation Ltd. during the third quarter, raising its stake by an impressive 700.6%. According to a recent filing with the Securities and Exchange Commission (SEC), the institutional investor now holds 41,825 shares of FTAI Aviation, valued at approximately $6.98 million.
This notable acquisition involved the purchase of an additional 36,601 shares over the period. Principal Financial Group’s actions reflect a broader trend among institutional investors, many of whom have also made substantial adjustments to their positions in FTAI Aviation.
Other Institutional Investments
Among these investors, Ensign Peak Advisors Inc. increased its holdings by 67.4% during the second quarter, now owning 3,075,788 shares valued at $353.84 million. Similarly, Norges Bank made a new investment worth about $142.01 million in FTAI Aviation, while DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake by an astonishing 1,678.6%, acquiring a total of 1,140,542 shares valued at $131.21 million.
Additionally, Northern Right Capital Management L.P. expanded its position by 884.1%, now holding 885,675 shares worth $101.89 million. Rubric Capital Management LP also increased its holdings by 28.3%, owning 3,394,080 shares valued at $390.46 million. Overall, institutional investors and hedge funds now control 88.96% of FTAI Aviation’s stock.
FTAI Aviation’s Market Performance
On Friday, FTAI Aviation’s stock opened at $279.85. The company’s 50-day moving average is $231.93, while the 200-day moving average stands at $186.02. Currently, FTAI Aviation boasts a market capitalization of $28.70 billion, with a price-to-earnings ratio of 63.89 and a beta of 1.53. The stock has seen a 52-week low of $81.45 and a high of $310.00.
FTAI Aviation Ltd., listed on NASDAQ:FTAI, specializes in commercial aircraft leasing. The company focuses on acquiring, managing, and leasing wide-body jet aircraft globally, primarily modern, fuel-efficient Boeing models, including the 767, 777, and 787 families. By concentrating on these in-demand assets, FTAI Aviation aims to provide stable cash flows through lease rentals and maintenance reserve collections, offering flexible fleet solutions to airlines.
In addition to lease origination, the company offers comprehensive asset management services, ensuring a robust approach to meeting the needs of its clients in the airline industry.
For those interested in further developments regarding FTAI Aviation, resources such as HoldingsChannel.com provide the latest 13F filings and insider trade information.
