BTIG Research started coverage on shares of FTAI Infrastructure (NASDAQ:FIP – Free Report) in a research note published on Thursday, Marketbeat.com reports. The firm issued a buy rating and a $10.00 price objective on the stock.
FTAI Infrastructure Trading Up 0.3 %
Shares of FTAI Infrastructure stock opened at $6.57 on Thursday. The company’s fifty day simple moving average is $5.55 and its 200-day simple moving average is $4.31. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.23 and a current ratio of 1.23. FTAI Infrastructure has a 1 year low of $2.64 and a 1 year high of $7.16.
FTAI Infrastructure (NASDAQ:FIP – Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.47) earnings per share (EPS) for the quarter. The company had revenue of $81.44 million during the quarter. FTAI Infrastructure had a negative return on equity of 32.27% and a negative net margin of 48.71%.
FTAI Infrastructure Dividend Announcement
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of FIP. International Assets Investment Management LLC bought a new position in FTAI Infrastructure in the fourth quarter worth $25,000. Allspring Global Investments Holdings LLC bought a new position in FTAI Infrastructure in the third quarter worth $28,000. Ameritas Investment Partners Inc. bought a new position in FTAI Infrastructure in the second quarter worth $30,000. Victory Capital Management Inc. bought a new position in FTAI Infrastructure in the fourth quarter worth $33,000. Finally, Quadrature Capital Ltd bought a new position in FTAI Infrastructure in the fourth quarter worth $39,000. 87.43% of the stock is owned by institutional investors.
About FTAI Infrastructure
FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products 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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