Madison Air Solutions (NYSE:MAIR) Hits New 52-Week Low – Here’s Why

Madison Air Solutions Corporation (NYSE:MAIR) reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $21.96 and last traded at $22.52, with a volume of 412,713 shares. The stock had previously closed at $23.22.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MAIR shares. Weiss Ratings lowered Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, September 28th. Wall Street Zen raised Madison Air Solutions to a “hold” rating in a research report on Sunday, July 12th. Citigroup reduced their target price on Madison Air Solutions from $49.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Zacks Research cut Madison Air Solutions from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. Finally, Wells Fargo & Company lowered their price target on Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating for the company in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Madison Air Solutions has a consensus rating of “Moderate Buy” and an average target price of $42.20.

Madison Air Solutions Trading Down 0.3%

The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.84. The company’s 50-day simple moving average is $25.34. The stock has a market capitalization of $11.61 billion and a PE ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last issued its 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 firm had revenue of $991.30 million during the quarter. During the same period last year, the business earned $0.24 EPS. Madison Air Solutions’s revenue was up 20.9% compared to the same quarter last year. On average, equities research analysts anticipate that Madison Air Solutions Corporation will post 1.06 EPS for the current year.

Insider Buying and Selling at Madison Air Solutions

In other news, Director Hudson La Force, III acquired 20,000 shares of Madison Air Solutions stock in a transaction dated Tuesday, August 25th. The stock was purchased at an average cost of $27.84 per share, for a total transaction of $556,800.00. Following the completion of the purchase, the director directly owned 36,713 shares in the company, valued at $1,022,089.92. This trade represents a 119.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Investors Weigh In On Madison Air Solutions

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in Madison Air Solutions in the second quarter valued at approximately $251,481,000. Alyeska Investment Group L.P. purchased a new position in Madison Air Solutions during the 2nd quarter worth approximately $67,411,000. BlueCrest Capital Management Ltd purchased a new position in Madison Air Solutions during the 2nd quarter worth approximately $23,790,000. State Street Corp purchased a new position in Madison Air Solutions during the 2nd quarter worth approximately $16,558,000. Finally, Readystate Asset Management LP acquired a new stake in Madison Air Solutions during the 2nd quarter valued at approximately $16,029,000.

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.