Fortress Transportation and Infrastructure Investors LLC (FTAI) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its stake in shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) by 16.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,128 shares of the financial services provider’s stock after purchasing an additional 4,066 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Fortress Transportation and Infrastructure Investors were worth $507,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ardsley Advisory Partners increased its holdings in Fortress Transportation and Infrastructure Investors by 6.3% in the 2nd quarter. Ardsley Advisory Partners now owns 760,000 shares of the financial services provider’s stock valued at $12,107,000 after buying an additional 45,000 shares during the period. Global X Management Co. LLC increased its holdings in Fortress Transportation and Infrastructure Investors by 5.6% in the 2nd quarter. Global X Management Co. LLC now owns 530,321 shares of the financial services provider’s stock valued at $8,453,000 after buying an additional 28,249 shares during the period. FMR LLC bought a new stake in Fortress Transportation and Infrastructure Investors in the 2nd quarter valued at $6,511,000. Russell Investments Group Ltd. increased its holdings in Fortress Transportation and Infrastructure Investors by 94.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 273,800 shares of the financial services provider’s stock valued at $4,364,000 after buying an additional 132,829 shares during the period. Finally, Falcon Point Capital LLC increased its holdings in Fortress Transportation and Infrastructure Investors by 0.4% in the 2nd quarter. Falcon Point Capital LLC now owns 255,388 shares of the financial services provider’s stock valued at $4,071,000 after buying an additional 921 shares during the period. Hedge funds and other institutional investors own 28.07% of the company’s stock.

Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) traded down $0.19 on Thursday, hitting $17.96. 105,700 shares of the stock traded hands, compared to its average volume of 155,678. Fortress Transportation and Infrastructure Investors LLC has a fifty-two week low of $13.02 and a fifty-two week high of $18.98. The company has a market cap of $1,375.26, a price-to-earnings ratio of 201.67 and a beta of 1.89.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.05 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. Fortress Transportation and Infrastructure Investors had a negative net margin of 2.36% and a positive return on equity of 0.60%. The business had revenue of $60.40 million for the quarter, compared to analyst estimates of $56.04 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. The firm’s quarterly revenue was up 44.8% compared to the same quarter last year. analysts predict that Fortress Transportation and Infrastructure Investors LLC will post 0.19 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Friday, November 17th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date was Thursday, November 16th. Fortress Transportation and Infrastructure Investors’s dividend payout ratio is currently -2,200.00%.

Several brokerages have issued reports on FTAI. BidaskClub raised shares of Fortress Transportation and Infrastructure Investors from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 18th. Zacks Investment Research raised shares of Fortress Transportation and Infrastructure Investors from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, November 7th. Finally, Bank of America boosted their price target on shares of Fortress Transportation and Infrastructure Investors from $20.00 to $21.00 and gave the company a “buy” rating in a report on Monday, November 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Fortress Transportation and Infrastructure Investors has a consensus rating of “Buy” and a consensus price target of $19.63.

ILLEGAL ACTIVITY WARNING: “Fortress Transportation and Infrastructure Investors LLC (FTAI) Shares Bought by Raymond James Financial Services Advisors Inc.” was published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.com-unik.info/2017/12/07/fortress-transportation-and-infrastructure-investors-llc-ftai-shares-bought-by-raymond-james-financial-services-advisors-inc.html.

About Fortress Transportation and Infrastructure Investors

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company operates through five segments Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad.

Institutional Ownership by Quarter for Fortress Transportation and Infrastructure Investors (NYSE:FTAI)

What are top analysts saying about Fortress Transportation and Infrastructure Investors LLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Fortress Transportation and Infrastructure Investors LLC and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit