Morgan Stanley Lowers Position in Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI)

Morgan Stanley lowered its stake in shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) by 9.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,546,497 shares of the financial services provider’s stock after selling 159,558 shares during the period. Morgan Stanley’s holdings in Fortress Transportation and Infrastructure Investors were worth $23,057,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Stifel Financial Corp boosted its stake in shares of Fortress Transportation and Infrastructure Investors by 5.2% in the first quarter. Stifel Financial Corp now owns 20,300 shares of the financial services provider’s stock valued at $302,000 after buying an additional 1,000 shares in the last quarter. 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 valued at $1,616,000 after buying an additional 3,004 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Fortress Transportation and Infrastructure Investors by 20.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,728 shares of the financial services provider’s stock valued at $294,000 after buying an additional 3,407 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Fortress Transportation and Infrastructure Investors during the first quarter valued at $157,000. Finally, Bellwether Investment Group LLC acquired a new position in shares of Fortress Transportation and Infrastructure Investors during the first quarter valued at approximately $157,000. Hedge funds and other institutional investors own 25.68% of the company’s stock.

Fortress Transportation and Infrastructure Investors LLC (FTAI) opened at 15.83 on Monday. Fortress Transportation and Infrastructure Investors LLC has a one year low of $9.16 and a one year high of $16.70. The stock’s market cap is $1.20 billion. The stock’s 50 day moving average price is $15.92 and its 200 day moving average price is $15.05.

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Several brokerages have recently commented on FTAI. Zacks Investment Research lowered Fortress Transportation and Infrastructure Investors from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 9th. JMP Securities boosted their price objective on Fortress Transportation and Infrastructure Investors from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.88.

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 shares were acquired at an average price of $17.00 per share, with a total value of $85,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.87% of the company’s stock.

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

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