Engineers Gate Manager LP Purchases Shares of 38,540 Madison Air Solutions Corporation $MAIR

Engineers Gate Manager LP purchased a new stake in Madison Air Solutions Corporation (NYSE:MAIR) during the 2nd quarter, HoldingsChannel reports. The firm purchased 38,540 shares of the company’s stock, valued at approximately $1,503,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Citadel Advisors LLC acquired a new stake in Madison Air Solutions in the 2nd quarter worth $251,481,000. Alyeska Investment Group L.P. acquired a new stake in shares of Madison Air Solutions during the 2nd quarter worth about $67,411,000. Readystate Asset Management LP bought a new position in Madison Air Solutions in the 2nd quarter valued at $16,029,000. Amundi acquired a new stake in shares of Madison Air Solutions in the second quarter valued at approximately $6,406,000. Finally, Madison Asset Management LLC bought a new stake in Madison Air Solutions during the 2nd quarter worth about $3,215,000.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MAIR shares. Royal Bank Of Canada reduced their price objective on shares of 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. Wall Street Zen raised Madison Air Solutions to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings cut Madison Air Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, August 31st. Wells Fargo & Company lowered their price target on shares of Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Finally, Stifel Nicolaus dropped their target price on Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating for the company in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Madison Air Solutions Trading Down 2.0%

Madison Air Solutions stock opened at $23.43 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.84. Madison Air Solutions Corporation has a 12 month low of $22.91 and a 12 month high of $44.50. The company has a market capitalization of $11.76 billion and a P/E ratio of 0.00. The company has a 50-day moving average price of $29.81.

Madison Air Solutions (NYSE:MAIR) last announced its earnings results on Thursday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. The company had revenue of $991.30 million for the quarter. During the same period in the prior year, the company posted $0.24 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year. As a group, analysts predict that Madison Air Solutions Corporation will post 1.09 earnings per share for the current fiscal year.

Insider Activity at Madison Air Solutions

In other Madison Air Solutions news, Director Hudson La Force, III bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average price of $27.84 per share, with a total value of $556,800.00. Following the completion of the purchase, the director directly owned 36,713 shares of the company’s stock, valued at approximately $1,022,089.92. This trade represents a 119.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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.