Fortress Transprtn and Infr Investrs LLC (FTAI) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lowered its position in Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) by 1.9% during the first quarter, Holdings Channel reports. The fund owned 52,500 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Gabelli Funds LLC’s holdings in Fortress Transprtn and Infr Investrs were worth $898,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. JNBA Financial Advisors purchased a new position in Fortress Transprtn and Infr Investrs in the fourth quarter valued at about $69,000. Navellier & Associates Inc purchased a new position in Fortress Transprtn and Infr Investrs in the fourth quarter valued at about $158,000. Comerica Bank purchased a new position in Fortress Transprtn and Infr Investrs in the first quarter valued at about $315,000. Sage Rhino Capital LLC purchased a new position in Fortress Transprtn and Infr Investrs in the first quarter valued at about $357,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Fortress Transprtn and Infr Investrs by 2.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 39,946 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 973 shares during the period. 33.89% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on FTAI. TheStreet raised Fortress Transprtn and Infr Investrs from a “c+” rating to a “b-” rating in a research report on Tuesday, March 19th. ValuEngine raised Fortress Transprtn and Infr Investrs from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research raised Fortress Transprtn and Infr Investrs from a “strong sell” rating to a “hold” rating and set a $18.00 target price on the stock in a research report on Tuesday, April 30th. Finally, Stephens set a $19.00 target price on Fortress Transprtn and Infr Investrs and gave the stock a “buy” rating in a research report on Friday, March 1st.

Shares of NYSE FTAI opened at $16.09 on Friday. Fortress Transprtn and Infr Investrs LLC has a 1 year low of $12.84 and a 1 year high of $19.35. The stock has a market cap of $1.36 billion, a PE ratio of 802.50 and a beta of 1.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.17 and a current ratio of 0.17.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last announced its earnings results on Thursday, May 2nd. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.14). Fortress Transprtn and Infr Investrs had a return on equity of 0.04% and a net margin of 0.02%. The business had revenue of $124.63 million for the quarter, compared to analysts’ expectations of $122.89 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The firm’s revenue was up 81.0% compared to the same quarter last year. Equities research analysts anticipate that Fortress Transprtn and Infr Investrs LLC will post 0.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.20%. The ex-dividend date of this dividend is Thursday, May 16th. Fortress Transprtn and Infr Investrs’s payout ratio is 1,200.00%.

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

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