Fortress Transprtn and Infr Investrs (NYSE:FTAI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday, Zacks.com reports.

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. “

A number of other equities analysts also recently commented on FTAI. Barclays dropped their target price on shares of Fortress Transprtn and Infr Investrs from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Stifel Nicolaus dropped their target price on shares of Fortress Transprtn and Infr Investrs from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Stephens upped their target price on shares of Fortress Transprtn and Infr Investrs from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. BTIG Research upped their target price on shares of Fortress Transprtn and Infr Investrs from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, B. Riley dropped their target price on shares of Fortress Transprtn and Infr Investrs from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $16.66.

Fortress Transprtn and Infr Investrs stock traded down $0.02 during midday trading on Monday, reaching $12.31. The stock had a trading volume of 358,900 shares, compared to its average volume of 698,653. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 4.66 and a beta of 1.88. The company has a fifty day moving average of $11.33 and a 200 day moving average of $14.41. Fortress Transprtn and Infr Investrs has a 52-week low of $3.69 and a 52-week high of $21.73.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.15). The company had revenue of $112.84 million during the quarter, compared to the consensus estimate of $120.35 million. Fortress Transprtn and Infr Investrs had a return on equity of 4.54% and a net margin of 37.66%. Fortress Transprtn and Infr Investrs’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) earnings per share. Equities research analysts predict that Fortress Transprtn and Infr Investrs will post -0.02 EPS for the current year.

In other news, major shareholder Washington State Investment Bo bought 56,400 shares of the stock in a transaction on Thursday, April 2nd. The stock was bought at an average cost of $6.81 per share, for a total transaction of $384,084.00. Following the completion of the purchase, the insider now directly owns 9,488,779 shares in the company, valued at $64,618,584.99. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in FTAI. Pathstone Family Office LLC acquired a new stake in Fortress Transprtn and Infr Investrs in the first quarter valued at approximately $29,000. JNBA Financial Advisors raised its holdings in shares of Fortress Transprtn and Infr Investrs by 14.5% in the first quarter. JNBA Financial Advisors now owns 8,357 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,057 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Fortress Transprtn and Infr Investrs in the first quarter worth $119,000. Lionsbridge Wealth Management LLC purchased a new position in shares of Fortress Transprtn and Infr Investrs in the first quarter worth $123,000. Finally, Endurance Wealth Management Inc. purchased a new position in shares of Fortress Transprtn and Infr Investrs in the first quarter worth $123,000. Institutional investors own 39.67% of the company’s stock.

About Fortress Transprtn and Infr Investrs

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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