128 institutions hold shares in Fortress Transportation and Infrastructure Investors LLC (FTAI), with 893.91k shares held by insiders accounting for 1.04% while institutional investors hold 65.38% of the company’s shares. The shares outstanding are 86.02M, and float is at 84.72M with Short Float at 4.39%. Institutions hold 64.69% of the Float.
The top institutional shareholder in the company is Washington State Investment Board with over 11.79 million shares valued at $276.49 million. The investor’s holdings represent 13.76% of the FTAI Shares outstanding. As of Dec 30, 2020, the second largest holder is Morgan Stanley with 7.81 million shares valued at $183.28 million to account for 9.12% of the shares outstanding. The other top investors are Michigan (State Of) Teachers Retirement System which holds 3.78 million shares representing 4.41% and valued at over $88.61 million, while Bank of America Corporation holds 3.04% of the shares totaling 2.6 million with a market value of $60.97 million.
Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) is 27.58% higher on its value in year-to-date trading and has touched a low of $7.51 and a high of $31.81 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FTAI stock was last observed hovering at around $29.95 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $32.50 for the next 12 months. It is also 40.14% off the consensus price target high of $50.00 offered by 12 analysts, but current levels are 0.23% higher than the price target low of $30.00 for the same period.
Currently trading at $29.93, the stock is 5.33% and 4.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.33 million and changing -0.07% at the moment leaves the stock 39.86% off its SMA200. FTAI registered 163.24% gain for a year compared to 6-month gain of 73.01%. The firm has a 50-day simple moving average (SMA 50) of $28.70 and a 200-day simple moving average (SMA200) of $23.84.
The stock witnessed a 7.01% loss in the last 1 month and extending the period to 3 months gives it a 35.31%, and is 4.25% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.05% over the week and 3.53% over the month.
Fortress Transportation and Infrastructure Investors LLC (FTAI) has around 101 employees, a market worth around $2.55B and $366.50M in sales. Fwd P/E is 13.63. Profit margin for the company is -28.70%. Distance from 52-week low is 298.54% and -5.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.40%).
Fortress Transportation and Infrastructure Investors LLC (FTAI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Fortress Transportation and Infrastructure Investors LLC (FTAI) is a “Buy”. 12 analysts offering their recommendations for the stock have an average rating of 1.40, where 0 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Fortress Transportation and Infrastructure Investors LLC is expected to release its quarterly report on 08/05/2021 and quarterly earnings per share for the current quarter are estimated at -$0.37 with sales reaching $77.43M over the same period.The EPS is expected to shrink by -170.90% this year, but quarterly earnings will post 41.60% year-over-year. Quarterly sales are estimated to shrink -31.40% in year-over-year returns.
Fortress Transportation and Infrastructure Investors LLC (FTAI) Insider Activity
A total of 2 insider transactions have happened at Fortress Transportation and Infrastructure Investors LLC (FTAI) in the last six months, with sales accounting for 0 and purchases happening 2 times. The most recent transaction is an insider purchase by TUCHMAN MARTIN, the company’s Director. SEC filings show that TUCHMAN MARTIN bought 800,000 shares of the company’s common stock on Mar 25 at a price of $25.00 per share for a total of $20.0 million. Following the purchase, the insider now owns 0.8 million shares.
Fortress Transportation and Infrastructure Investors LLC disclosed in a document filed with the SEC on Jul 31 that Nam Eun (Chief Accounting Officer) bought a total of 2,500 shares of the company’s common stock. The trade occurred on Jul 31 and was made at $15.11 per share for $37775.0. Following the transaction, the insider now directly holds 2500.0 shares of the FTAI stock.