Mesa Air Group (NASDAQ:RJET) Trading Down 4.8% – Should You Sell?

Shares of Mesa Air Group, Inc. (NASDAQ:RJET) were down 4.8% during mid-day trading on Thursday . The company traded as low as $16.77 and last traded at $16.90. Approximately 25,369 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 130,823 shares. The stock had previously closed at $17.76.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Mesa Air Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Mesa Air Group has an average rating of “Hold”.

Mesa Air Group Price Performance

The company has a market capitalization of $854.65 million, a price-to-earnings ratio of 19.42 and a beta of 1.57. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.94 and a quick ratio of 0.75. The business has a fifty day moving average price of $19.90 and a 200 day moving average price of $19.28.

Mesa Air Group (NASDAQ:RJET) last issued 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 for the quarter. Mesa Air Group had a return on equity of 6.13% and a net margin of 3.29%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RJET. Par Capital Management Inc. acquired a new position in shares of Mesa Air Group during the second quarter valued at $2,091,000. Pinnacle Holdings LLC increased its holdings in shares of Mesa Air Group by 31.8% during the third quarter. Pinnacle Holdings LLC now owns 1,628,136 shares of the company’s stock valued at $2,117,000 after purchasing an additional 392,878 shares during the period. GSA Capital Partners LLP bought a new position in Mesa Air Group during the third quarter valued at about $56,000. Finally, Geode Capital Management LLC bought a new position in Mesa Air Group during the fourth quarter valued at about $442,000. 13.34% of the stock is owned by institutional investors and hedge funds.

About Mesa Air Group

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.