Flinton Capital Management LLC Sells 5,600 Shares of Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI)

Flinton Capital Management LLC decreased its holdings in Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) by 13.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,456 shares of the financial services provider’s stock after selling 5,600 shares during the quarter. Flinton Capital Management LLC’s holdings in Fortress Transprtn and Infr Investrs were worth $535,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Knott David M raised its holdings in shares of Fortress Transprtn and Infr Investrs by 30.2% in the 1st quarter. Knott David M now owns 750,000 shares of the financial services provider’s stock worth $12,833,000 after buying an additional 173,936 shares in the last quarter. American Assets Capital Advisers LLC raised its position in Fortress Transprtn and Infr Investrs by 9.8% in the second quarter. American Assets Capital Advisers LLC now owns 1,338,134 shares of the financial services provider’s stock worth $21,932,000 after acquiring an additional 119,406 shares in the last quarter. Formula Growth Ltd. purchased a new position in Fortress Transprtn and Infr Investrs in the first quarter worth $1,711,000. Wells Fargo & Company MN raised its position in Fortress Transprtn and Infr Investrs by 21.0% in the second quarter. Wells Fargo & Company MN now owns 449,545 shares of the financial services provider’s stock worth $6,788,000 after acquiring an additional 78,090 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Fortress Transprtn and Infr Investrs by 250.0% in the first quarter. Bank of Montreal Can now owns 70,000 shares of the financial services provider’s stock worth $1,198,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors own 30.94% of the company’s stock.

FTAI stock opened at $15.30 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.04. Fortress Transprtn and Infr Investrs LLC has a 52-week low of $12.84 and a 52-week high of $18.29. The stock’s 50 day moving average is $15.30 and its two-hundred day moving average is $15.79. The company has a market capitalization of $1.30 billion, a PE ratio of 66.70 and a beta of 1.07.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.10. Fortress Transprtn and Infr Investrs had a return on equity of 1.78% and a net margin of 3.74%. The company had revenue of $159.00 million for the quarter, compared to the consensus estimate of $138.74 million. During the same period in the previous year, the business earned $0.01 EPS. Fortress Transprtn and Infr Investrs’s revenue for the quarter was up 120.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fortress Transprtn and Infr Investrs LLC will post 0.58 EPS for the current year.

In related news, Director Martin Tuchman acquired 19,900 shares of Fortress Transprtn and Infr Investrs stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average price of $25.69 per share, for a total transaction of $511,231.00. Following the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $141,295. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have purchased a total of 35,400 shares of company stock valued at $908,431 in the last 90 days. Insiders own 1.00% of the company’s stock.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded Fortress Transprtn and Infr Investrs from a “strong sell” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, August 5th. ValuEngine lowered Fortress Transprtn and Infr Investrs from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Finally, TheStreet raised Fortress Transprtn and Infr Investrs from a “c” rating to a “b” rating in a research note on Friday, August 2nd.

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.

Read More: Catch-Up Contributions

Institutional Ownership by Quarter for Fortress Transprtn and Infr Investrs (NYSE:FTAI)

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