Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) Director Martin Tuchman Buys 200,000 Shares

Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) Director Martin Tuchman acquired 200,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of $25.00 per share, with a total value of $5,000,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Martin Tuchman also recently made the following trade(s):

  • On Wednesday, September 11th, Martin Tuchman acquired 10,000 shares of Fortress Transprtn and Infr Investrs stock. The stock was acquired at an average price of $25.75 per share, with a total value of $257,500.00.
  • On Monday, September 9th, Martin Tuchman purchased 19,900 shares of Fortress Transprtn and Infr Investrs stock. The shares were purchased at an average price of $25.69 per share, with a total value of $511,231.00.
  • On Friday, September 6th, Martin Tuchman purchased 5,500 shares of Fortress Transprtn and Infr Investrs stock. The shares were purchased at an average price of $25.40 per share, with a total value of $139,700.00.

NYSE FTAI traded up $0.01 on Monday, reaching $18.02. 29,924 shares of the company were exchanged, compared to its average volume of 196,401. The business’s fifty day moving average price is $16.30 and its 200 day moving average price is $15.54. The stock has a market capitalization of $1.53 billion, a P/E ratio of 163.82 and a beta of 1.12. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.04. Fortress Transprtn and Infr Investrs LLC has a fifty-two week low of $12.84 and a fifty-two week high of $18.21.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.09. The company had revenue of $162.20 million for the quarter, compared to analyst estimates of $162.98 million. Fortress Transprtn and Infr Investrs had a return on equity of 3.62% and a net margin of 6.97%. The firm’s revenue for the quarter was up 60.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. Equities research analysts forecast that Fortress Transprtn and Infr Investrs LLC will post 0.5 earnings per share for the current year.

The business also recently disclosed a dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Fortress Transprtn and Infr Investrs’s previous dividend of $0.15. Fortress Transprtn and Infr Investrs’s payout ratio is 1,200.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTAI. Lenox Wealth Advisors LLC acquired a new position in shares of Fortress Transprtn and Infr Investrs in the 3rd quarter valued at $31,000. JPMorgan Chase & Co. acquired a new position in Fortress Transprtn and Infr Investrs during the 2nd quarter worth about $42,000. Tower Research Capital LLC TRC lifted its stake in Fortress Transprtn and Infr Investrs by 395.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,900 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 2,315 shares in the last quarter. JNBA Financial Advisors lifted its stake in Fortress Transprtn and Infr Investrs by 52.1% during the 3rd quarter. JNBA Financial Advisors now owns 7,300 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 2,500 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in Fortress Transprtn and Infr Investrs by 42.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 9,000 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 2,700 shares in the last quarter. 33.26% of the stock is currently owned by institutional investors.

Several analysts recently commented on the company. BTIG Research assumed coverage on Fortress Transprtn and Infr Investrs in a research report on Monday. They set a “buy” rating and a $25.00 price target for the company. B. Riley assumed coverage on Fortress Transprtn and Infr Investrs in a research report on Tuesday, November 26th. They set a “buy” rating and a $23.00 price target for the company. Stifel Nicolaus assumed coverage on Fortress Transprtn and Infr Investrs in a research report on Tuesday, November 26th. They set a “buy” rating and a $22.00 price target for the company. Finally, Zacks Investment Research cut Fortress Transprtn and Infr Investrs from a “hold” rating to a “strong sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.20.

Fortress Transprtn and Infr Investrs Company Profile

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

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