Mesa Air Group’s (NASDAQ:MESA) lock-up period will expire on Wednesday, February 6th. Mesa Air Group had issued 9,630,000 shares in its initial public offering on August 10th. The total size of the offering was $115,560,000 based on an initial share price of $12.00. After the expiration of Mesa Air Group’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

MESA has been the topic of a number of recent analyst reports. Cowen reaffirmed a “buy” rating and set a $16.00 price target on shares of Mesa Air Group in a report on Sunday, December 9th. Zacks Investment Research downgraded shares of Mesa Air Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $16.00 price target (down previously from $18.00) on shares of Mesa Air Group in a report on Thursday, December 13th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.40.

MESA opened at $8.82 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $219.88 million and a P/E ratio of 7.17. Mesa Air Group has a 12-month low of $6.36 and a 12-month high of $16.41.

Mesa Air Group (NASDAQ:MESA) last posted its quarterly earnings data on Monday, December 3rd. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. The business had revenue of $177.53 million during the quarter, compared to analysts’ expectations of $180.96 million. Mesa Air Group’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, equities research analysts predict that Mesa Air Group will post 2.28 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc purchased a new position in shares of Mesa Air Group in the third quarter worth approximately $3,198,000. Marshall Wace North America L.P. bought a new stake in Mesa Air Group during the 3rd quarter worth approximately $319,000. Clearbridge Investments LLC bought a new stake in Mesa Air Group during the 3rd quarter worth approximately $2,110,000. Vanguard Group Inc. bought a new stake in Mesa Air Group during the 3rd quarter worth approximately $3,198,000. Finally, TIAA CREF Investment Management LLC bought a new stake in Mesa Air Group during the 3rd quarter worth approximately $193,000. 67.64% of the stock is currently owned by institutional investors.

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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 services under capacity purchase agreements with the American Airlines and the United Airlines. As of March 31, 2018, it operated 145 aircraft with approximately 610 daily departures to 110 cities in the United States, Canada, Mexico, the Bahamas, and Cuba.

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