Madison Air Solutions (NYSE:MAIR) Sets New 52-Week Low – What’s Next?

Shares of Madison Air Solutions Corporation (NYSE:MAIR) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $24.34 and last traded at $24.69, with a volume of 90983 shares traded. The stock had previously closed at $25.07.

Analysts Set New Price Targets

Several equities analysts have commented on MAIR shares. Wall Street Zen raised shares of Madison Air Solutions to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings lowered Madison Air Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 31st. Zacks Research downgraded Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Wells Fargo & Company cut their price objective on Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada reduced their price objective on Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Madison Air Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Madison Air Solutions Price Performance

The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.84. The stock’s fifty day simple moving average is $31.03. The stock has a market capitalization of $12.43 billion and a price-to-earnings ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last issued its earnings results on Thursday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The firm had revenue of $991.30 million during the quarter. During the same quarter in the previous year, the firm posted $0.24 EPS. Madison Air Solutions’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, research analysts anticipate that Madison Air Solutions Corporation will post 1.09 EPS for the current year.

Insider Activity

In related news, Director Hudson La Force, III purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was purchased at an average cost of $27.84 per share, with a total value of $556,800.00. Following the completion of the acquisition, the director directly owned 36,713 shares of the company’s stock, valued at approximately $1,022,089.92. The trade was a 119.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Trading of Madison Air Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new position in Madison Air Solutions during the 2nd quarter valued at about $251,481,000. Alyeska Investment Group L.P. bought a new position in shares of Madison Air Solutions in the second quarter valued at approximately $67,411,000. BlueCrest Capital Management Ltd purchased a new position in Madison Air Solutions during the second quarter valued at approximately $23,790,000. Readystate Asset Management LP bought a new stake in Madison Air Solutions during the 2nd quarter worth approximately $16,029,000. Finally, Amundi purchased a new stake in Madison Air Solutions in the 2nd quarter worth approximately $6,406,000.

Madison Air Solutions Company Profile

We take up to 25,000 breaths a day and spend up to 90% of our lives indoors, often breathing air that’s two to five times more polluted than outdoor air. Clean air is absolutely essential to human life, yet most people rarely think about the air we breathe at home, in our schools, in healthcare facilities and in the workplace. Poor air quality doesn’t just affect comfort; it undermines health, productivity and performance. Improving air quality is a fundamental principle that is a key tenet in everything we do.