Mesa Air Group (NASDAQ:RJET) Reaches New 1-Year High – Should You Buy?

Mesa Air Group, Inc. (NASDAQ:RJET) reached a new 52-week high on Wednesday . The company traded as high as $26.70 and last traded at $24.77, with a volume of 697896 shares. The stock had previously closed at $23.57.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Mesa Air Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Mesa Air Group Price Performance

The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 26.35 and a beta of 1.58. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 0.67. The company has a 50 day simple moving average of $19.46 and a 200 day simple moving average of $19.65.

Mesa Air Group (NASDAQ:RJET) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.73 EPS for the quarter. The company had revenue of $527.40 million during the quarter. Mesa Air Group had a return on equity of 6.13% and a net margin of 3.29%.

Institutional Investors Weigh In On Mesa Air Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC acquired a new stake in Mesa Air Group during the fourth quarter worth about $442,000. GSA Capital Partners LLP acquired a new stake in Mesa Air Group during the 3rd quarter valued at approximately $56,000. Pinnacle Holdings LLC increased its holdings in Mesa Air Group by 31.8% during the 3rd quarter. Pinnacle Holdings LLC now owns 1,628,136 shares of the company’s stock worth $2,117,000 after purchasing an additional 392,878 shares during the last quarter. Finally, Par Capital Management Inc. bought a new position in Mesa Air Group during the 2nd quarter worth approximately $2,091,000. 13.34% of the stock is currently owned by institutional investors and hedge funds.

Mesa Air Group Company Profile

Mesa Air Group, Inc is a regional airline holding company headquartered in Phoenix, Arizona. The company provides feeder air transportation services under capacity purchase agreements with major carriers in the United States, operating as an affiliate of American Airlines and United Airlines. Mesa Air Group’s operations are conducted through two wholly owned subsidiaries, Mesa Airlines and Mokulele Airlines, which serve domestic markets on a scheduled basis.

Mesa Airlines is the company’s primary regional carrier.