Investors Buy Large Volume of Call Options on Fortress Transportation and Infrastructure Investors (FTAI)

Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) was the target of some unusual options trading on Friday. Stock traders purchased 878 call options on the stock. This represents an increase of Infinity compared to the average daily volume of 0 call options.

Several analysts recently issued reports on the company. Bank of America boosted their price target on Fortress Transportation and Infrastructure Investors from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research raised Fortress Transportation and Infrastructure Investors from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, November 7th. Finally, BidaskClub cut Fortress Transportation and Infrastructure Investors from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $19.63.

A number of institutional investors and hedge funds have recently modified their holdings of FTAI. California Public Employees Retirement System acquired a new position in Fortress Transportation and Infrastructure Investors in the 1st quarter worth about $228,000. Bank of America Corp DE increased its holdings in Fortress Transportation and Infrastructure Investors by 21.1% in the 1st quarter. Bank of America Corp DE now owns 306,617 shares of the financial services provider’s stock worth $4,571,000 after purchasing an additional 53,387 shares in the last quarter. Bank of Montreal Can increased its holdings in Fortress Transportation and Infrastructure Investors by 679.0% in the 2nd quarter. Bank of Montreal Can now owns 155,800 shares of the financial services provider’s stock worth $2,484,000 after purchasing an additional 135,800 shares in the last quarter. Whittier Trust Co. increased its holdings in Fortress Transportation and Infrastructure Investors by 1.8% in the 2nd quarter. Whittier Trust Co. now owns 110,348 shares of the financial services provider’s stock worth $1,759,000 after purchasing an additional 1,967 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Fortress Transportation and Infrastructure Investors by 4.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32,915 shares of the financial services provider’s stock valued at $525,000 after buying an additional 1,393 shares during the last quarter. 28.07% of the stock is owned by institutional investors and hedge funds.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) traded down $0.07 during trading on Tuesday, hitting $18.15. The stock had a trading volume of 182,874 shares, compared to its average volume of 155,891. Fortress Transportation and Infrastructure Investors has a 12 month low of $13.02 and a 12 month high of $18.98. The firm has a market cap of $1,372.98, a PE ratio of 201.33 and a beta of 1.89.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. Fortress Transportation and Infrastructure Investors had a positive return on equity of 0.60% and a negative net margin of 2.36%. The company had revenue of $60.40 million during the quarter, compared to analysts’ expectations of $56.04 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. Fortress Transportation and Infrastructure Investors’s revenue was up 44.8% on a year-over-year basis. equities analysts anticipate that Fortress Transportation and Infrastructure Investors will post 0.19 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Friday, November 17th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.32 dividend on an annualized basis and a yield of 7.27%. Fortress Transportation and Infrastructure Investors’s payout ratio is presently -2,200.00%.

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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.

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