BlueCrest Capital Management Ltd Acquires Shares of 610,000 Madison Air Solutions Corporation $MAIR

BlueCrest Capital Management Ltd acquired a new stake in Madison Air Solutions Corporation (NYSE:MAIR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 610,000 shares of the company’s stock, valued at approximately $23,790,000. Madison Air Solutions accounts for about 0.8% of BlueCrest Capital Management Ltd’s investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. NewEdge Advisors LLC purchased a new stake in Madison Air Solutions during the 2nd quarter valued at $94,000. Engineers Gate Manager LP purchased a new position in Madison Air Solutions during the second quarter worth $1,503,000. Bank of New York Mellon Corp purchased a new position in Madison Air Solutions during the second quarter worth $1,659,000. Squarepoint Ops LLC bought a new position in Madison Air Solutions during the second quarter valued at $3,118,000. Finally, Madison Asset Management LLC bought a new position in Madison Air Solutions during the second quarter valued at $3,215,000.

Madison Air Solutions Price Performance

Madison Air Solutions stock opened at $25.21 on Thursday. The stock has a market cap of $12.65 billion and a PE ratio of 0.00. The firm has a 50-day moving average of $31.03. Madison Air Solutions Corporation has a 1 year low of $24.75 and a 1 year high of $44.50. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 1.82.

Madison Air Solutions (NYSE:MAIR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $991.30 million during the quarter. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. Research analysts expect that Madison Air Solutions Corporation will post 1.09 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating for the company in a report on Friday, July 31st. Weiss Ratings lowered shares of Madison Air Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, August 31st. Wall Street Zen raised shares of Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Zacks Research lowered Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada cut their target price on Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Madison Air Solutions has an average rating of “Moderate Buy” and an average price target of $44.00.

Insider Buying and Selling

In other Madison Air Solutions news, Director Hudson La Force, III purchased 20,000 shares of Madison Air Solutions stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average price of $27.84 per share, for a total transaction of $556,800.00. Following the acquisition, the director owned 36,713 shares in the company, valued at $1,022,089.92. This trade represents a 119.67% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Madison Air Solutions 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.