BB&T Securities LLC raised its position in Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) by 1,109.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,966 shares of the financial services provider’s stock after buying an additional 115,547 shares during the quarter. BB&T Securities LLC owned 0.17% of Fortress Transportation and Infrastructure Investors worth $2,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kayne Anderson Capital Advisors LP acquired a new stake in shares of Fortress Transportation and Infrastructure Investors during the 3rd quarter worth $180,000. First Allied Advisory Services Inc. grew its holdings in shares of Fortress Transportation and Infrastructure Investors by 1.6% during the 2nd quarter. First Allied Advisory Services Inc. now owns 11,449 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 175 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of Fortress Transportation and Infrastructure Investors during the 2nd quarter worth $216,000. California Public Employees Retirement System acquired a new stake in shares of Fortress Transportation and Infrastructure Investors during the 1st quarter worth $228,000. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Fortress Transportation and Infrastructure Investors by 47.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 15,550 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 5,000 shares in the last quarter. 28.07% of the stock is currently owned by hedge funds and other institutional investors.

Fortress Transportation and Infrastructure Investors LLC (FTAI) traded up $0.10 during trading on Tuesday, reaching $18.22. The company’s stock had a trading volume of 161,100 shares, compared to its average volume of 155,776. The company has a market capitalization of $1,372.98, a P/E ratio of 201.33 and a beta of 1.89. Fortress Transportation and Infrastructure Investors LLC has a 1 year low of $13.02 and a 1 year high of $18.98.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $60.40 million during the quarter, compared to the consensus estimate 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 business’s quarterly revenue was up 44.8% on a year-over-year basis. During the same period last year, the company earned ($0.02) earnings per share. sell-side analysts anticipate that Fortress Transportation and Infrastructure Investors LLC will post 0.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Friday, November 17th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.32 annualized dividend and a yield of 7.24%. Fortress Transportation and Infrastructure Investors’s dividend payout ratio is presently -2,200.00%.

Several research firms recently weighed in on FTAI. Zacks Investment Research lowered Fortress Transportation and Infrastructure Investors from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. BidaskClub raised Fortress Transportation and Infrastructure Investors from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Finally, Bank of America raised their price objective on Fortress Transportation and Infrastructure Investors from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, November 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Fortress Transportation and Infrastructure Investors currently has a consensus rating of “Buy” and a consensus target price of $19.63.

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Fortress Transportation and Infrastructure Investors 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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