Is FTAI Aviation Ltd. (FTAI) an Undervalued Stock?
Diamond Hill Capital, an investment management company, released its “Small Cap Strategy” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund returned 6.98% net of fees, outperforming the benchmark Russell 2000 Index, which returned 6.23%. Strength in health care, consumer discretionary, and materials holdings contributed to the fund’s outperformance in the quarter while holdings in energy and information technology detracted from the performance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Diamond Hill Capital highlighted stocks like FTAI Aviation Ltd. (NASDAQ:FTAI) in its Q4 2022 investor letter. Headquartered in New York, New York, FTAI Aviation Ltd. (NASDAQ:FTAI) operates through Aviation Leasing and Aerospace Products. On January 26, 2023, FTAI Aviation Ltd. (NASDAQ:FTAI) stock closed at $22.36 per share. One-month return of FTAI Aviation Ltd. (NASDAQ:FTAI) was 30.61%, and its shares gained 0.79% of their value over the last 52 weeks. FTAI Aviation Ltd. (NASDAQ:FTAI) has a market capitalization of $2.228 billion.
Diamond Hill Capital made the following comment about FTAI Aviation Ltd. (NASDAQ:FTAI) in its Q4 2022 investor letter:
"Aviation leasing and aerospace products company FTAI Aviation Ltd. (NASDAQ:FTAI) is expanding its reach in the aircraft engine service business, and we believe it could take a small, but relatively meaningful, share over time. The aircraft engine service business is lucrative as facilities are relatively scarce and the technological expertise required is material. We believe the current valuation fails to account for this opportunity."
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FTAI Aviation Ltd. (NASDAQ:FTAI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 12 hedge fund portfolios held FTAI Aviation Ltd. (NASDAQ:FTAI) at the end of the third quarter, which was 12 in the previous quarter. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
