Alps Advisors Inc. Has $2.85 Million Stake in Fortress Transprtn and Infr Investrs LLC (FTAI)

Alps Advisors Inc. raised its stake in Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) by 37.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 142,900 shares of the financial services provider’s stock after acquiring an additional 39,038 shares during the quarter. Alps Advisors Inc.’s holdings in Fortress Transprtn and Infr Investrs were worth $2,848,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FTAI. FMR LLC acquired a new position in shares of Fortress Transprtn and Infr Investrs in the second quarter worth $6,511,000. Russell Investments Group Ltd. increased its stake in Fortress Transprtn and Infr Investrs by 57.7% in the third quarter. Russell Investments Group Ltd. now owns 431,823 shares of the financial services provider’s stock valued at $7,790,000 after purchasing an additional 158,023 shares during the last quarter. BB&T Securities LLC increased its stake in Fortress Transprtn and Infr Investrs by 1,109.0% in the third quarter. BB&T Securities LLC now owns 125,966 shares of the financial services provider’s stock valued at $2,272,000 after purchasing an additional 115,547 shares during the last quarter. Ardsley Advisory Partners increased its stake in Fortress Transprtn and Infr Investrs by 6.3% in the second quarter. Ardsley Advisory Partners now owns 760,000 shares of the financial services provider’s stock valued at $12,107,000 after purchasing an additional 45,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Fortress Transprtn and Infr Investrs in the second quarter valued at $560,000. 25.63% of the stock is owned by institutional investors.

In other Fortress Transprtn and Infr Investrs news, Director Martin Tuchman bought 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was purchased at an average cost of $18.65 per share, for a total transaction of $466,250.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Fortress Transprtn and Infr Investrs LLC (NYSE FTAI) opened at $16.75 on Friday. The company has a market capitalization of $1,270.00 and a price-to-earnings ratio of -279.17. Fortress Transprtn and Infr Investrs LLC has a 12 month low of $14.25 and a 12 month high of $20.13.

FTAI has been the subject of several analyst reports. Zacks Investment Research lowered Fortress Transprtn and Infr Investrs from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. BidaskClub upgraded Fortress Transprtn and Infr Investrs from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 18th. Finally, Bank of America upped their target price on Fortress Transprtn and Infr Investrs from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $20.67.

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Fortress Transprtn and Infr Investrs Profile

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company operates through five segments Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad.

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Institutional Ownership by Quarter for Fortress Transprtn and Infr Investrs (NYSE:FTAI)

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