Fortress Transportation and Infrastructure Investors (NYSE:FTAI) Shares Gap Down to $22.59

Posted by MarketBeat News on Aug 4th, 2022

Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI – Get Rating)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $22.59, but opened at $19.50. Fortress Transportation and Infrastructure Investors shares last traded at $18.90, with a volume of 2,885 shares traded.

Analyst Upgrades and Downgrades

Separately, Raymond James restated a “maintains” rating on shares of Fortress Transportation and Infrastructure Investors in a research report on Friday, July 29th.

Fortress Transportation and Infrastructure Investors Stock Up 5.8 %

The business’s 50-day moving average price is $19.69 and its 200 day moving average price is $22.55. The company has a market capitalization of $1.86 billion, a P/E ratio of -6.64 and a beta of 1.87.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.22). The firm had revenue of $177.93 million during the quarter, compared to the consensus estimate of $172.93 million. Fortress Transportation and Infrastructure Investors had a negative net margin of 42.80% and a negative return on equity of 10.76%. Fortress Transportation and Infrastructure Investors’s revenue was up 83.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.38) earnings per share. Analysts anticipate that Fortress Transportation and Infrastructure Investors LLC will post 0.78 EPS for the current fiscal year.

Fortress Transportation and Infrastructure Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Monday, August 15th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date of this dividend is Friday, August 12th. Fortress Transportation and Infrastructure Investors’s dividend payout ratio is currently -46.81%.

Institutional Investors Weigh In On Fortress Transportation and Infrastructure Investors

Institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC raised its stake in shares of Fortress Transportation and Infrastructure Investors by 54.3% during the fourth quarter. HighTower Advisors LLC now owns 65,720 shares of the financial services provider’s stock worth $1,900,000 after acquiring an additional 23,125 shares in the last quarter. MYDA Advisors LLC purchased a new position in shares of Fortress Transportation and Infrastructure Investors during the fourth quarter worth approximately $492,000. Janney Montgomery Scott LLC raised its stake in shares of Fortress Transportation and Infrastructure Investors by 18.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 54,545 shares of the financial services provider’s stock worth $1,577,000 after acquiring an additional 8,355 shares in the last quarter. Ullmann Wealth Partners Group LLC raised its stake in shares of Fortress Transportation and Infrastructure Investors by 29.1% during the first quarter. Ullmann Wealth Partners Group LLC now owns 19,343 shares of the financial services provider’s stock worth $498,000 after acquiring an additional 4,361 shares in the last quarter. Finally, Goff John C purchased a new position in shares of Fortress Transportation and Infrastructure Investors during the fourth quarter worth approximately $6,453,000. 77.35% of the stock is owned by hedge funds and other institutional investors.

Fortress Transportation and Infrastructure Investors Company Profile

(Get Rating)

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 through three segments: Aviation Leasing, Jefferson Terminal, and Ports and Terminals.