Mesa Air Group (NASDAQ:RJET) Sees Large Volume Increase – Time to Buy?

Mesa Air Group, Inc. (NASDAQ:RJET) saw an uptick in trading volume on Tuesday . 95,728 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 116,787 shares.The stock last traded at $25.40 and had previously closed at $23.57.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Mesa Air Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Mesa Air Group presently has a consensus rating of “Hold”.

Mesa Air Group Stock Performance

The firm has a market capitalization of $1.16 billion, a P/E ratio of 26.35 and a beta of 1.58. The firm has a 50-day moving average price of $19.31 and a two-hundred day moving average price of $19.62. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.94 and a quick ratio of 0.75.

Mesa Air Group (NASDAQ:RJET) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.73 EPS for the quarter. The firm had revenue of $527.40 million for the quarter. Mesa Air Group had a net margin of 3.29% and a return on equity of 6.13%.

Hedge Funds Weigh In On Mesa Air Group

Institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new position in Mesa Air Group in the third quarter worth approximately $56,000. Geode Capital Management LLC bought a new stake in shares of Mesa Air Group in the fourth quarter valued at about $442,000. Par Capital Management Inc. purchased a new stake in Mesa Air Group in the second quarter worth about $2,091,000. Finally, Pinnacle Holdings LLC lifted its stake in Mesa Air Group by 31.8% in the third quarter. Pinnacle Holdings LLC now owns 1,628,136 shares of the company’s stock worth $2,117,000 after acquiring an additional 392,878 shares during the period. 13.34% of the stock is owned by hedge funds and other institutional investors.

About Mesa Air Group

Mesa Air Group, Inc is a regional airline holding company headquartered in Phoenix, Arizona. The company provides feeder air transportation services under capacity purchase agreements with major carriers in the United States, operating as an affiliate of American Airlines and United Airlines. Mesa Air Group’s operations are conducted through two wholly owned subsidiaries, Mesa Airlines and Mokulele Airlines, which serve domestic markets on a scheduled basis.

Mesa Airlines is the company’s primary regional carrier.