Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Position Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) by 57.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 431,823 shares of the financial services provider’s stock after acquiring an additional 158,023 shares during the quarter. Russell Investments Group Ltd. owned 0.57% of Fortress Transportation and Infrastructure Investors worth $7,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. First Allied Advisory Services Inc. increased its stake in Fortress Transportation and Infrastructure Investors by 1.6% in the 2nd quarter. First Allied Advisory Services Inc. now owns 11,449 shares of the financial services provider’s stock worth $184,000 after acquiring an additional 175 shares during the last quarter. Falcon Point Capital LLC increased its stake 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 worth $4,071,000 after acquiring an additional 921 shares during the last quarter. Stifel Financial Corp increased its stake in Fortress Transportation and Infrastructure Investors by 4.9% in the 2nd quarter. Stifel Financial Corp now owns 21,300 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 1,000 shares during the last quarter. Royce & Associates LP increased its stake in Fortress Transportation and Infrastructure Investors by 0.9% in the 2nd quarter. Royce & Associates LP now owns 231,110 shares of the financial services provider’s stock worth $3,684,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Fortress Transportation and Infrastructure Investors by 13.6% in the 2nd quarter. Wells Fargo & Company MN now owns 32,578 shares of the financial services provider’s stock worth $519,000 after acquiring an additional 3,900 shares during the last quarter. 28.07% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on FTAI shares. BidaskClub raised Fortress Transportation and Infrastructure Investors from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Bank of America lifted their price objective on Fortress Transportation and Infrastructure Investors from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, Zacks Investment Research upgraded Fortress Transportation and Infrastructure Investors from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, November 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Fortress Transportation and Infrastructure Investors has an average rating of “Buy” and an average target price of $19.63.

Shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) traded down $0.32 during trading on Friday, hitting $18.22. The stock had a trading volume of 594,752 shares, compared to its average volume of 179,118. The stock has a market cap of $1,380.00 and a PE ratio of 202.44. Fortress Transportation and Infrastructure Investors LLC has a 12-month low of $13.02 and a 12-month high of $18.98.

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

The business also recently announced a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Friday, November 17th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.24%. The ex-dividend date was Thursday, November 16th. Fortress Transportation and Infrastructure Investors’s dividend payout ratio (DPR) is -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.

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

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