Madison Air Solutions Corporation’s Lock-Up Period To End on October 13th (NYSE:MAIR)

Madison Air Solutions’ (NYSE:MAIR) lock-up period will expire on Tuesday, October 13th. Madison Air Solutions had issued 82,692,308 shares in its public offering on April 16th. The total size of the offering was $2,232,692,316 based on an initial share price of $27.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Wall Street Analyst Weigh In

MAIR has been the topic of several recent analyst reports. Zacks Research lowered shares of Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Stifel Nicolaus dropped their target price on shares of 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. Weiss Ratings lowered shares of Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, September 28th. Royal Bank Of Canada decreased their price target on shares of Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Two investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Madison Air Solutions Price Performance

NYSE:MAIR opened at $24.25 on Friday. 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 company’s 50 day moving average price is $26.58. Madison Air Solutions has a 1-year low of $22.91 and a 1-year high of $44.50. The stock has a market cap of $12.17 billion and a price-to-earnings ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last announced 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 firm had revenue of $991.30 million for the quarter. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, sell-side analysts anticipate that Madison Air Solutions will post 1.09 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Hudson La Force, III bought 20,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average cost of $27.84 per share, with a total value of $556,800.00. Following the purchase, the director directly owned 36,713 shares in the company, valued at $1,022,089.92. The trade was a 119.67% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Madison Air Solutions

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