Gabelli Funds LLC Sells 235,000 Shares of FTAI Infrastructure Inc. (NASDAQ:FIP)

Gabelli Funds LLC reduced its stake in shares of FTAI Infrastructure Inc. (NASDAQ:FIPFree Report) by 66.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 117,000 shares of the company’s stock after selling 235,000 shares during the period. Gabelli Funds LLC owned approximately 0.12% of FTAI Infrastructure worth $377,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of FTAI Infrastructure in the third quarter valued at approximately $28,000. Ameritas Investment Partners Inc. acquired a new position in FTAI Infrastructure during the second quarter worth $30,000. Victory Capital Management Inc. acquired a new position in FTAI Infrastructure during the fourth quarter worth $33,000. Principal Financial Group Inc. acquired a new position in FTAI Infrastructure during the second quarter worth $39,000. Finally, Jump Financial LLC acquired a new position in FTAI Infrastructure during the third quarter worth $46,000. 78.33% of the stock is currently owned by institutional investors and hedge funds.

FTAI Infrastructure Price Performance

Shares of FIP opened at $4.52 on Monday. The company has a market cap of $449.69 million, a price-to-earnings ratio of -2.35 and a beta of 1.42. FTAI Infrastructure Inc. has a 1-year low of $2.35 and a 1-year high of $4.53. The company’s fifty day simple moving average is $4.01 and its 200 day simple moving average is $3.59. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.80.

About FTAI Infrastructure

(Free Report)

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation and energy industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.

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Institutional Ownership by Quarter for FTAI Infrastructure (NASDAQ:FIP)

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