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

Shares of Madison Air Solutions Corporation (NYSE:MAIR) hit a new 52-week low on Wednesday . The stock traded as low as $22.91 and last traded at $23.74, with a volume of 4869418 shares traded. The stock had previously closed at $23.66.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen upgraded Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Royal Bank Of Canada lowered their price objective on shares of Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Weiss Ratings cut shares of Madison Air Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 31st. Zacks Research cut shares of Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Wells Fargo & Company cut their target price on shares of 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 investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Madison Air Solutions Trading Up 0.9%

The stock’s 50-day simple moving average is $29.57. The company has a market capitalization of $11.89 billion and a price-to-earnings ratio of 0.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 1.82.

Madison Air Solutions (NYSE:MAIR) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The company had revenue of $991.30 million during the quarter. The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. Research analysts predict that Madison Air Solutions Corporation will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Hudson La Force, III bought 20,000 shares of Madison Air Solutions stock in a transaction on Tuesday, August 25th. The stock was acquired at an average cost of $27.84 per share, for a total transaction of $556,800.00. Following the completion of the acquisition, the director owned 36,713 shares of the company’s stock, valued at $1,022,089.92. This trade represents a 119.67% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Trading of Madison Air Solutions

A number of institutional investors have recently modified their holdings of MAIR. Citadel Advisors LLC bought a new position in shares of Madison Air Solutions during the 2nd quarter worth approximately $251,481,000. Alyeska Investment Group L.P. purchased a new stake in Madison Air Solutions during the second quarter valued at approximately $67,411,000. BlueCrest Capital Management Ltd acquired a new stake in Madison Air Solutions in the second quarter valued at approximately $23,790,000. Readystate Asset Management LP acquired a new stake in Madison Air Solutions in the second quarter valued at approximately $16,029,000. Finally, Amundi purchased a new position in Madison Air Solutions in the second quarter worth $6,406,000.

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.