Madison Air Solutions (NYSE:MAIR) Reaches New 12-Month Low – Should You Sell?

Madison Air Solutions Corporation (NYSE:MAIR) shares hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $21.79 and last traded at $21.94, with a volume of 1,419,406 shares traded. The stock had previously closed at $23.61.

Analyst Ratings Changes

Several brokerages recently commented on MAIR. Zacks Research lowered Madison Air Solutions from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. Stifel Nicolaus set a $35.00 price objective on Madison Air Solutions in a research note on Monday, October 19th. Citigroup cut their price objective on Madison Air Solutions from $49.00 to $40.00 and set a “buy” rating for the company in a report on Monday, October 12th. Wall Street Zen upgraded shares of Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Finally, Wells Fargo & Company reduced 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 note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.20.

Madison Air Solutions Stock Down 6.9%

The firm has a fifty day moving average of $24.48. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 1.82. The stock has a market capitalization of $11.02 billion and a P/E ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last announced its earnings results on Thursday, November 5th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.30 by $0.08. The business had revenue of $1.13 billion during the quarter. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. Research analysts forecast that Madison Air Solutions Corporation will post 1.06 earnings per share for the current year.

Insider Transactions at Madison Air Solutions

In other Madison Air Solutions news, Director Hudson La Force, III acquired 20,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was purchased at an average price of $27.84 per share, for a total transaction of $556,800.00. Following the transaction, the director owned 36,713 shares in the company, valued at $1,022,089.92. This trade represents a 119.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of Madison Air Solutions

Large investors have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new stake in shares of Madison Air Solutions in the second quarter valued at $251,481,000. Pictet Asset Management Holding SA lifted its position in Madison Air Solutions by 42.9% during the 3rd quarter. Pictet Asset Management Holding SA now owns 6,337,704 shares of the company’s stock worth $155,908,000 after buying an additional 1,902,991 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Madison Air Solutions during the 2nd quarter worth about $67,411,000. Robeco Schweiz AG lifted its position in Madison Air Solutions by 151.6% during the 3rd quarter. Robeco Schweiz AG now owns 1,537,926 shares of the company’s stock worth $37,833,000 after buying an additional 926,619 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in Madison Air Solutions during the 2nd quarter worth about $23,790,000.

Madison Air Solutions Company Profile

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.