Today: Fortress Transportation and Infrastructure Investors LLC (FTAI) Receives Buy Rating from JMP Securities

Today: Fortress Transportation and Infrastructure Investors LLC (FTAI) Receives Buy Rating from JMP Securities

JMP Securities reiterated their buy rating on shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) in a research report sent to investors on Tuesday morning.

Several other research firms have also recently commented on FTAI. Zacks Investment Research upgraded Fortress Transportation and Infrastructure Investors from a strong sell rating to a hold rating in a research note on Wednesday, October 5th. Citigroup Inc. boosted their price target on Fortress Transportation and Infrastructure Investors from $11.00 to $14.00 and gave the stock a buy rating in a research note on Friday, August 12th. Finally, TheStreet upgraded Fortress Transportation and Infrastructure Investors from a sell rating to a hold rating in a research note on Wednesday, July 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $15.60.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) opened at 11.92 on Tuesday. Fortress Transportation and Infrastructure Investors has a 52 week low of $8.65 and a 52 week high of $14.65. The firm has a 50 day moving average price of $11.96 and a 200 day moving average price of $10.78. The stock’s market capitalization is $902.94 million.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. Fortress Transportation and Infrastructure Investors had a negative return on equity of 1.17% and a negative net margin of 24.99%. The company earned $33.20 million during the quarter, compared to analysts’ expectations of $36.83 million. During the same period in the previous year, the company earned $0.02 EPS. Fortress Transportation and Infrastructure Investors’s quarterly revenue was down 1.2% on a year-over-year basis. Equities research analysts predict that Fortress Transportation and Infrastructure Investors will post ($0.20) earnings per share for the current year.

In other news, Director Paul R. Goodwin acquired 18,000 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were purchased at an average price of $11.85 per share, for a total transaction of $213,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph P. Jr. Adams acquired 10,000 shares of the business’s stock in a transaction on Friday, August 5th. The shares were purchased at an average price of $11.95 per share, for a total transaction of $119,500.00. Following the purchase, the chief executive officer now directly owns 154,828 shares of the company’s stock, valued at $1,850,194.60. The disclosure for this purchase can be found here. 2.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Fortress Transportation and Infrastructure Investors by 1,474.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 26,863 shares of the company’s stock valued at $247,000 after buying an additional 25,157 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Fortress Transportation and Infrastructure Investors by 13.4% in the second quarter. Ameriprise Financial Inc. now owns 661,825 shares of the company’s stock valued at $6,083,000 after buying an additional 78,407 shares during the last quarter. Royce & Associates LP purchased a new stake in shares of Fortress Transportation and Infrastructure Investors during the second quarter valued at about $699,000. State Treasurer State of Michigan boosted its stake in shares of Fortress Transportation and Infrastructure Investors by 22.8% in the second quarter. State Treasurer State of Michigan now owns 3,776,923 shares of the company’s stock valued at $34,710,000 after buying an additional 700,000 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in shares of Fortress Transportation and Infrastructure Investors by 18.4% in the second quarter. Whittier Trust Co. now owns 99,390 shares of the company’s stock valued at $913,000 after buying an additional 15,478 shares during the last quarter. Hedge funds and other institutional investors own 24.86% of the company’s stock.

Fortress Transportation and Infrastructure Investors Company Profile

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