Fortress Transportation and Infrastructure Investors (FTAI) Rating Lowered to Hold at Zacks Investment Research

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, May 9th.

According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the owning and acquisition of infrastructure and equipment for leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, United States. “

Separately, Alembic Global Advisors set a $22.00 target price on Fortress Transportation and Infrastructure Investors and gave the company a “buy” rating in a research note on Monday, March 5th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $20.67.

Shares of Fortress Transportation and Infrastructure Investors opened at $16.52 on Wednesday, according to MarketBeat.com. The stock has a market capitalization of $1.37 billion, a P/E ratio of 137.67 and a beta of 1.55. Fortress Transportation and Infrastructure Investors has a 1-year low of $16.47 and a 1-year high of $16.52.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last issued its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.07). Fortress Transportation and Infrastructure Investors had a return on equity of 1.14% and a net margin of 1.64%. The company had revenue of $68.80 million during the quarter, compared to analysts’ expectations of $73.18 million. During the same period in the prior year, the business posted ($0.06) EPS. The company’s revenue for the quarter was up 53.9% compared to the same quarter last year. analysts expect that Fortress Transportation and Infrastructure Investors will post 0.5 earnings per share for the current fiscal year.

In other news, Director Paul R. Goodwin purchased 7,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was acquired at an average price of $16.44 per share, with a total value of $115,080.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joseph P. Jr. Adams bought 20,000 shares of Fortress Transportation and Infrastructure Investors stock in a transaction that occurred on Thursday, March 1st. The stock was bought at an average price of $16.47 per share, with a total value of $329,400.00. Following the completion of the acquisition, the chief executive officer now owns 174,828 shares in the company, valued at approximately $2,879,417.16. The disclosure for this purchase can be found here. Insiders own 0.87% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. B. Riley Financial Inc. acquired a new stake in Fortress Transportation and Infrastructure Investors in the 4th quarter worth approximately $217,000. Flinton Capital Management LLC acquired a new stake in Fortress Transportation and Infrastructure Investors in the 4th quarter worth approximately $255,000. Meadow Creek Investment Management LLC acquired a new stake in Fortress Transportation and Infrastructure Investors in the 4th quarter worth approximately $351,000. King Luther Capital Management Corp acquired a new stake in Fortress Transportation and Infrastructure Investors in the 1st quarter worth approximately $319,000. Finally, Wolverine Trading LLC lifted its holdings in Fortress Transportation and Infrastructure Investors by 174.8% in the 4th quarter. Wolverine Trading LLC now owns 21,617 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 50,507 shares during the last quarter. Hedge funds and other institutional investors own 28.96% of the company’s stock.

Fortress Transportation and Infrastructure Investors 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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