Madison Air Solutions (NYSE:MAIR) Hits New 12-Month Low – Time to Sell?

Madison Air Solutions Corporation (NYSE:MAIR)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $22.91 and last traded at $23.74, with a volume of 4869418 shares traded. The stock had previously closed at $23.66.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MAIR shares. Wall Street Zen upgraded Madison Air Solutions to a “hold” rating in a research report on Sunday, July 12th. Stifel Nicolaus dropped their price objective on Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Weiss Ratings cut Madison Air Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 31st. Wells Fargo & Company cut their target price on Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday, August 3rd. Finally, Zacks Research cut Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

Madison Air Solutions Trading Up 0.3%

The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 1.82. The firm’s 50 day moving average price is $30.03. The company has a market capitalization of $11.91 billion and a PE ratio of 0.00.

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

Insider Activity

In other news, Director Hudson La Force, III bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was purchased at an average price of $27.84 per share, with a total value of $556,800.00. Following the transaction, the director owned 36,713 shares of the company’s stock, valued at approximately $1,022,089.92. The trade was a 119.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Madison Air Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new stake in shares of Madison Air Solutions during the 2nd quarter valued at $94,000. Engineers Gate Manager LP bought a new position in Madison Air Solutions during the 2nd quarter valued at approximately $1,503,000. Bank of New York Mellon Corp bought a new position in shares of Madison Air Solutions during the second quarter valued at $1,659,000. Squarepoint Ops LLC purchased a new stake in Madison Air Solutions during the 2nd quarter valued at about $3,118,000. Finally, Madison Asset Management LLC purchased a new position in Madison Air Solutions in the second quarter worth about $3,215,000.

About Madison Air Solutions

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.