Madison Air Solutions (NYSE:MAIR) Reaches New 12-Month Low – What’s Next?

Madison Air Solutions Corporation (NYSE:MAIR)’s stock price reached a new 52-week low on Thursday . The company traded as low as $24.34 and last traded at $24.69, with a volume of 90983 shares changing hands. The stock had previously closed at $25.07.

Analyst Upgrades and Downgrades

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

Madison Air Solutions Trading Up 1.4%

The firm’s 50-day moving average is $30.54. The company has a market capitalization of $12.67 billion and a PE ratio of 0.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.82 and a quick ratio of 1.21.

Madison Air Solutions (NYSE:MAIR) last released its earnings results on Thursday, July 30th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. The company had revenue of $991.30 million for the quarter. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue was up 20.9% compared to the same quarter last year. Sell-side analysts forecast that Madison Air Solutions Corporation will post 1.09 EPS for the current fiscal year.

Insider Activity at Madison Air Solutions

In related news, Director Hudson La Force, III acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average cost of $27.84 per share, with a total value of $556,800.00. Following the completion of 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On Madison Air Solutions

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