Annandale Capital LLC Decreases Holdings in Mesa Air Group, Inc. (NASDAQ:MESA)

Annandale Capital LLC decreased its holdings in Mesa Air Group, Inc. (NASDAQ:MESA) by 51.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 145,607 shares of the company’s stock after selling 155,663 shares during the period. Annandale Capital LLC’s holdings in Mesa Air Group were worth $169,000 at the end of the most recent quarter.

Separately, Raymond James Financial Inc. bought a new stake in Mesa Air Group in the fourth quarter worth $44,000. Institutional investors and hedge funds own 13.34% of the company’s stock.

Mesa Air Group Stock Down 3.3 %

Shares of NASDAQ:MESA opened at $0.71 on Friday. The stock has a market capitalization of $29.34 million, a P/E ratio of -0.31 and a beta of 3.10. The stock’s 50-day moving average price is $1.05 and its 200-day moving average price is $1.09. The company has a current ratio of 0.45, a quick ratio of 0.29 and a debt-to-equity ratio of 2.13. Mesa Air Group, Inc. has a 12-month low of $0.68 and a 12-month high of $1.89.

Mesa Air Group Company Profile

Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc that provides regional air carrier scheduled passenger services. The company offers scheduled flight and cargo services. As of September 30, 2023, it operated a fleet of 80 aircraft with approximately 296 daily departures to 86 cities in the United States and Mexico.