Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Cut to “Hold” at BidaskClub

BidaskClub cut shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) from a buy rating to a hold rating in a report published on Tuesday, July 25th.

Several other research firms have also issued reports on FTAI. Zacks Investment Research lowered shares of Fortress Transportation and Infrastructure Investors from a hold rating to a sell rating in a report on Tuesday, July 18th. JMP Securities upped their price objective on shares of Fortress Transportation and Infrastructure Investors from $18.00 to $20.00 and gave the company an outperform rating in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. Fortress Transportation and Infrastructure Investors currently has a consensus rating of Buy and a consensus target price of $17.83.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) traded down 0.28% on Tuesday, hitting $17.87. The stock had a trading volume of 163,072 shares. The firm’s market capitalization is $1.35 billion. Fortress Transportation and Infrastructure Investors has a 1-year low of $11.35 and a 1-year high of $18.41. The company’s 50 day moving average is $16.63 and its 200-day moving average is $15.67.

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

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The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Friday, August 18th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.39%. Fortress Transportation and Infrastructure Investors’s dividend payout ratio is presently -1,100.00%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in Fortress Transportation and Infrastructure Investors during the fourth quarter worth $1,349,000. Renaissance Technologies LLC increased its position in Fortress Transportation and Infrastructure Investors by 62.1% in the fourth quarter. Renaissance Technologies LLC now owns 259,856 shares of the financial services provider’s stock worth $3,456,000 after buying an additional 99,556 shares in the last quarter. Telemus Capital LLC increased its position in Fortress Transportation and Infrastructure Investors by 22.8% in the first quarter. Telemus Capital LLC now owns 715,725 shares of the financial services provider’s stock worth $10,671,000 after buying an additional 132,953 shares in the last quarter. Dalton Greiner Hartman Maher & Co. bought a new position in Fortress Transportation and Infrastructure Investors during the first quarter worth $1,268,000. Finally, Whittier Trust Co. boosted its stake in shares of Fortress Transportation and Infrastructure Investors by 2.9% in the first quarter. Whittier Trust Co. now owns 108,381 shares of the financial services provider’s stock worth $1,616,000 after buying an additional 3,004 shares during the last quarter. 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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