Madison Air Solutions (NYSE:MAIR) Stock Price Breaks Above 50 Day Moving Average – What’s Next?

Madison Air Solutions Corporation (NYSE:MAIR)’s stock price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $24.56 and traded as high as $25.22. Madison Air Solutions shares last traded at $25.12, with a volume of 2,267,705 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Weiss Ratings downgraded Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, September 28th. Citigroup lowered their price objective on shares of 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 shares of Madison Air Solutions from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. Wall Street Zen upgraded shares of Madison Air Solutions to a “hold” rating in a research report on Sunday, July 12th. Finally, Wells Fargo & Company cut their price objective on shares of Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Two 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.20.

Madison Air Solutions Trading Up 8.0%

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 business’s fifty day moving average is $24.56. The firm has a market capitalization of $12.60 billion and a P/E ratio of 0.00.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new position in Madison Air Solutions in the second quarter worth $251,481,000. Pictet Asset Management Holding SA lifted its holdings in Madison Air Solutions by 42.9% in the third quarter. Pictet Asset Management Holding SA now owns 6,337,704 shares of the company’s stock valued at $155,908,000 after acquiring an additional 1,902,991 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Madison Air Solutions in the second quarter valued at $67,411,000. Robeco Schweiz AG boosted its position in shares of Madison Air Solutions by 151.6% during the 3rd quarter. Robeco Schweiz AG now owns 1,537,926 shares of the company’s stock worth $37,833,000 after purchasing an additional 926,619 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Madison Air Solutions during the 2nd quarter worth $23,790,000.

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.