Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Downgraded to “Sell” at Zacks Investment Research

Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday, July 18th.

According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the owning and acquisition of infrastructure and equipment for leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, United States. “

Separately, JMP Securities upped their price objective on Fortress Transportation and Infrastructure Investors from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, May 8th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. Fortress Transportation and Infrastructure Investors has an average rating of “Buy” and an average target price of $17.83.

Shares of Fortress Transportation and Infrastructure Investors (NYSE:FTAI) traded down 0.28% during midday trading on Tuesday, reaching $17.87. The company’s stock had a trading volume of 163,072 shares. Fortress Transportation and Infrastructure Investors has a 12 month low of $11.35 and a 12 month high of $18.41. The company’s market cap is $1.35 billion. The stock has a 50-day moving average of $16.63 and a 200 day moving average of $15.67.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.04. Fortress Transportation and Infrastructure Investors had a negative net margin of 4.98% and a positive return on equity of 0.27%. The business had revenue of $51.20 million during the quarter, compared to analyst estimates of $52.36 million. During the same period in the previous year, the firm posted ($0.07) earnings per share. The firm’s revenue was up 54.2% on a year-over-year basis. On average, analysts predict that Fortress Transportation and Infrastructure Investors will post $0.18 earnings per share for the current fiscal year.

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In related news, Director Paul R. Goodwin purchased 5,000 shares of Fortress Transportation and Infrastructure Investors stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average cost of $17.00 per share, with a total value of $85,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC bought a new position in shares of Fortress Transportation and Infrastructure Investors during the second quarter valued at approximately $6,511,000. GSA Capital Partners LLP boosted its position in shares of Fortress Transportation and Infrastructure Investors by 20.3% in the second quarter. GSA Capital Partners LLP now owns 99,137 shares of the financial services provider’s stock valued at $1,580,000 after buying an additional 16,751 shares during the period. Bard Associates Inc. bought a new position in shares of Fortress Transportation and Infrastructure Investors during the second quarter valued at approximately $315,000. Wells Fargo & Company MN boosted its position in shares of Fortress Transportation and Infrastructure Investors by 13.6% in the second quarter. Wells Fargo & Company MN now owns 32,578 shares of the financial services provider’s stock valued at $519,000 after buying an additional 3,900 shares during the period. Finally, Royce & Associates LP boosted its position in shares of Fortress Transportation and Infrastructure Investors by 0.9% in the second quarter. Royce & Associates LP now owns 231,110 shares of the financial services provider’s stock valued at $3,684,000 after buying an additional 2,000 shares during the period. 26.13% of the stock is owned by hedge funds and other institutional investors.

Fortress Transportation and Infrastructure Investors Company Profile

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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