King Luther Capital Management Corp Boosts Stake in Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI)

King Luther Capital Management Corp raised its holdings in shares of Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) by 25.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the financial services provider’s stock after purchasing an additional 5,000 shares during the period. King Luther Capital Management Corp’s holdings in Fortress Transprtn and Infr Investrs were worth $428,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Gamco Investors INC. ET AL increased its holdings in shares of Fortress Transprtn and Infr Investrs by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 57,850 shares of the financial services provider’s stock worth $830,000 after purchasing an additional 2,000 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of Fortress Transprtn and Infr Investrs by 11.2% in the fourth quarter. Gabelli Funds LLC now owns 53,500 shares of the financial services provider’s stock worth $767,000 after purchasing an additional 5,400 shares during the last quarter. Telemus Capital LLC increased its holdings in shares of Fortress Transprtn and Infr Investrs by 21.5% in the fourth quarter. Telemus Capital LLC now owns 1,276,852 shares of the financial services provider’s stock worth $18,310,000 after purchasing an additional 226,130 shares during the last quarter. JNBA Financial Advisors bought a new stake in shares of Fortress Transprtn and Infr Investrs in the fourth quarter worth about $69,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of 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 worth $573,000 after purchasing an additional 973 shares during the last quarter. 30.95% of the stock is currently owned by institutional investors and hedge funds.

FTAI has been the topic of several analyst reports. Zacks Investment Research cut Fortress Transprtn and Infr Investrs from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 28th. TheStreet lowered Fortress Transprtn and Infr Investrs from a “b-” rating to a “c+” rating in a report on Wednesday, May 1st. Finally, ValuEngine lowered Fortress Transprtn and Infr Investrs from a “buy” rating to a “hold” rating in a report on Monday, June 3rd.

Shares of FTAI stock traded down $0.10 during trading hours on Monday, reaching $15.00. 75,000 shares of the company’s stock were exchanged, compared to its average volume of 177,446. The business’s 50 day moving average price is $15.43. The stock has a market cap of $1.28 billion, a P/E ratio of 136.36 and a beta of 1.09. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.05. Fortress Transprtn and Infr Investrs LLC has a fifty-two week low of $12.84 and a fifty-two week high of $19.35.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.14). The business had revenue of $124.63 million for the quarter, compared to analyst estimates of $122.89 million. Fortress Transprtn and Infr Investrs had a return on equity of 0.04% and a net margin of 0.02%. The business’s revenue for the quarter was up 81.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) earnings per share. On average, equities research analysts forecast that Fortress Transprtn and Infr Investrs LLC will post 0.39 EPS for the current fiscal year.

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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