Following this transaction Joseph Adams’ holding in the company was increased by 100% to a total of $28.35K.
Based on Fortress Transportation’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $163 million and quarterly net profit of $185 million. In comparison, last year the company earned revenue of $140 million and had a net profit of $1.04 million. The company has a one-year high of $21.73 and a one-year low of $3.69. Currently, Fortress Transportation has an average volume of 604.89K.
Starting in February 2020, FTAI received 6 Buy ratings in a row. Five different firms, including B.Riley FBR and BTIG, currently also have a Buy rating on the stock.
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Fortress Transportation & Infrastructure Investors LLC engages in acquiring, managing and disposing of transportation and transportation-related infrastructure and equipment assets. It operates through the following segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, Ports and Terminals, and Corporate.