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

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

Wall Street Analysts Forecast Growth

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

Mesa Air Group Trading Down 0.8%

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 firm has a 50 day moving average of $19.88 and a 200 day moving average of $19.31. The firm has a market cap of $824.66 million, a PE ratio of 18.73 and a beta of 1.57.

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

Institutional Investors Weigh In On Mesa Air Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP bought a new stake in Mesa Air Group during the 3rd quarter valued at $56,000. Geode Capital Management LLC bought a new stake in Mesa Air Group during the 4th quarter valued at $442,000. Par Capital Management Inc. bought a new stake in Mesa Air Group during the 2nd quarter valued at $2,091,000. Finally, Pinnacle Holdings LLC raised 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 valued at $2,117,000 after acquiring an additional 392,878 shares during the period. Institutional investors own 13.34% of the company’s stock.

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.