JPMorgan Chase & Co. raised its holdings in shares of Mesa Air Group Inc (NASDAQ:MESA) by 2.2% in the first quarter, HoldingsChannel reports. The firm owned 862,869 shares of the company’s stock after buying an additional 18,703 shares during the period. JPMorgan Chase & Co.’s holdings in Mesa Air Group were worth $7,197,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MESA. Parkwood LLC bought a new stake in Mesa Air Group during the 1st quarter valued at $6,255,000. Vanguard Group Inc bought a new stake in Mesa Air Group during the 3rd quarter valued at $3,198,000. Vanguard Group Inc. bought a new stake in Mesa Air Group during the 3rd quarter valued at $3,198,000. FMR LLC increased its stake in Mesa Air Group by 88.5% during the 4th quarter. FMR LLC now owns 322,300 shares of the company’s stock valued at $2,485,000 after purchasing an additional 151,300 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in Mesa Air Group by 664.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 79,705 shares of the company’s stock valued at $614,000 after purchasing an additional 69,281 shares in the last quarter. Institutional investors and hedge funds own 70.54% of the company’s stock.

NASDAQ MESA opened at $10.32 on Wednesday. Mesa Air Group Inc has a 1 year low of $6.36 and a 1 year high of $16.41. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.71 and a quick ratio of 0.62. The firm has a market capitalization of $292.17 million and a PE ratio of 8.39.

Mesa Air Group (NASDAQ:MESA) last posted its earnings results on Thursday, May 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.04). Mesa Air Group had a return on equity of 17.46% and a net margin of 5.76%. The firm had revenue of $177.15 million during the quarter, compared to the consensus estimate of $178.75 million. Analysts forecast that Mesa Air Group Inc will post 2.14 earnings per share for the current fiscal year.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Mesa Air Group from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. ValuEngine upgraded shares of Mesa Air Group from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $15.50.

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Mesa Air Group Company Profile

Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc, which provides regional air carrier services under capacity purchase agreements with the American Airlines and the United Airlines. As of September 30, 2018, it operated a fleet of 145 aircraft with approximately 730 daily departures to 110 cities in the United States, Canada, Mexico, Cuba, and the Bahamas.

Further Reading: Cost of Equity

Want to see what other hedge funds are holding MESA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mesa Air Group Inc (NASDAQ:MESA).

Institutional Ownership by Quarter for Mesa Air Group (NASDAQ:MESA)

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