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Citigroup Inc. Buys 121,501 Shares of FTAI Aviation Ltd. $FTAI
Citigroup Inc. significantly increased its stake in FTAI Aviation Ltd. by 130.8% in the third quarter, acquiring an additional 121,501 shares and bringing its total holdings to 214,359 shares valued at $35.77 million. Analysts have maintained a “Moderate Buy” consensus for FTAI Aviation, with an average price target of $282.22, and the stock is currently trading near its 12-month high with high institutional ownership. The company, which leases wide-body jet aircraft, trades with a market capitalization of $31.17 billion and a P/E ratio of 69.39.