Fortress Transprtn and Infr Investrs LLC (FTAI) Director Paul R. Goodwin Purchases 5,000 Shares

Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) Director Paul R. Goodwin bought 5,000 shares of the stock in a transaction on Monday, May 15th. The shares were bought at an average price of $17.00 per share, with a total value of $85,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) traded up 0.67% during mid-day trading on Thursday, hitting $14.99. The stock had a trading volume of 70,125 shares. The firm’s market cap is $1.14 billion. Fortress Transprtn and Infr Investrs LLC has a 12 month low of $8.92 and a 12 month high of $15.91. The stock’s 50-day moving average is $15.07 and its 200 day moving average is $13.98.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last announced its quarterly earnings results on Thursday, February 23rd. The financial services provider reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Fortress Transprtn and Infr Investrs had a negative net margin of 16.37% and a negative return on equity of 1.25%. The firm earned $42.35 million during the quarter, compared to analysts’ expectations of $43.95 million. During the same period in the previous year, the company earned ($0.03) earnings per share. Fortress Transprtn and Infr Investrs’s quarterly revenue was up 25.3% compared to the same quarter last year. Equities research analysts predict that Fortress Transprtn and Infr Investrs LLC will post $0.28 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in FTAI. HighTower Advisors LLC boosted its stake in shares of Fortress Transprtn and Infr Investrs by 23.4% in the third quarter. HighTower Advisors LLC now owns 98,856 shares of the financial services provider’s stock worth $1,237,000 after buying an additional 18,732 shares during the period. Telemus Capital LLC boosted its stake in shares of Fortress Transprtn and Infr Investrs 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 during the period. Royce & Associates LP boosted its stake in shares of Fortress Transprtn and Infr Investrs by 32.9% in the fourth quarter. Royce & Associates LP now owns 185,610 shares of the financial services provider’s stock worth $2,469,000 after buying an additional 46,000 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Fortress Transprtn and Infr Investrs by 33.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,321 shares of the financial services provider’s stock worth $217,000 after buying an additional 4,061 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in shares of Fortress Transprtn and Infr Investrs during the fourth quarter worth $1,349,000. 22.53% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on FTAI. Zacks Investment Research lowered Fortress Transprtn and Infr Investrs from a “buy” rating to a “hold” rating in a report on Monday, March 20th. Raymond James Financial, Inc. lowered Fortress Transprtn and Infr Investrs from a “strong-buy” rating to an “outperform” rating and upped their target price for the stock from $15.00 to $16.50 in a report on Wednesday, January 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $16.38.

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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