Air T (NASDAQ:AIRT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Air T (NASDAQ:AIRT) in a research note released on Monday morning. The brokerage issued a hold rating on the transportation company’s stock.

Air T Price Performance

Shares of Air T stock opened at $22.68 on Monday. The company has a debt-to-equity ratio of 10.49, a current ratio of 1.99 and a quick ratio of 0.79. The business’s 50 day simple moving average is $19.08 and its two-hundred day simple moving average is $18.95. The stock has a market capitalization of $63.96 million, a P/E ratio of -4.56 and a beta of 0.76. Air T has a one year low of $12.53 and a one year high of $28.62.

Air T (NASDAQ:AIRT) last announced its quarterly earnings results on Monday, February 12th. The transportation company reported ($1.06) EPS for the quarter. The company had revenue of $63.76 million during the quarter. Air T had a negative return on equity of 87.44% and a negative net margin of 4.91%.

Institutional Investors Weigh In On Air T

Hedge funds have recently made changes to their positions in the company. DCF Advisers LLC boosted its position in shares of Air T by 20.0% during the first quarter. DCF Advisers LLC now owns 12,000 shares of the transportation company’s stock valued at $273,000 after purchasing an additional 1,996 shares in the last quarter. UBS Group AG raised its stake in Air T by 11,365.0% during the fourth quarter. UBS Group AG now owns 14,102 shares of the transportation company’s stock valued at $238,000 after buying an additional 13,979 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Air T by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,569 shares of the transportation company’s stock valued at $441,000 after buying an additional 752 shares during the last quarter. Morgan Stanley raised its stake in Air T by 2.2% during the fourth quarter. Morgan Stanley now owns 22,750 shares of the transportation company’s stock valued at $562,000 after buying an additional 500 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Air T by 4.5% during the third quarter. Vanguard Group Inc. now owns 53,347 shares of the transportation company’s stock valued at $913,000 after buying an additional 2,300 shares during the last quarter. 8.90% of the stock is currently owned by institutional investors.

About Air T

Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx.