Fortress Transprtn and Infr Investrs (FTAI) Stock Price Down 5.8%

Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) was down 5.8% during mid-day trading on Thursday . The stock traded as low as $18.25 and last traded at $18.60. Approximately 4,607,338 shares were traded during mid-day trading, an increase of 597% from the average daily volume of 660,555 shares. The stock had previously closed at $19.74.

Several equities research analysts recently issued reports on FTAI shares. BidaskClub upgraded Fortress Transprtn and Infr Investrs from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Zacks Investment Research cut Fortress Transprtn and Infr Investrs from a “hold” rating to a “sell” rating in a report on Monday. Finally, Bank of America lifted their price objective on Fortress Transprtn and Infr Investrs from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $19.63.

The company has a market cap of $1,410.00 and a price-to-earnings ratio of -310.00.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last issued 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. The business had revenue of $60.40 million for the quarter, compared to analysts’ expectations of $56.04 million. Fortress Transprtn and Infr Investrs had a positive return on equity of 0.60% and a negative net margin of 2.36%. The business’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.02) EPS. research analysts expect that Fortress Transprtn and Infr Investrs LLC will post 0.16 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Kayne Anderson Capital Advisors LP acquired a new position in shares of Fortress Transprtn and Infr Investrs during the 3rd quarter worth approximately $180,000. First Allied Advisory Services Inc. boosted its holdings in shares of Fortress Transprtn and Infr Investrs by 1.6% during the 2nd quarter. First Allied Advisory Services Inc. now owns 11,449 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 175 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Fortress Transprtn and Infr Investrs by 4.9% during the 2nd quarter. Stifel Financial Corp now owns 21,300 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 1,000 shares during the last quarter. People s United Financial Inc. boosted its holdings in shares of Fortress Transprtn and Infr Investrs by 30.3% during the 2nd quarter. People s United Financial Inc. now owns 21,995 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 5,110 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Fortress Transprtn and Infr Investrs by 22.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 24,062 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 4,334 shares during the last quarter. Institutional investors and hedge funds own 28.07% of the company’s stock.

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About Fortress Transprtn and Infr Investrs

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.

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