Mesa Air Group Inc (NASDAQ:MESA) shares traded up 5.1% during trading on Tuesday . The company traded as high as $6.25 and last traded at $6.14, 609,030 shares traded hands during trading. An increase of 139% from the average session volume of 254,840 shares. The stock had previously closed at $5.84.

A number of analysts have commented on the company. Cowen reaffirmed an “outperform” rating and set a $9.00 price target (down previously from $12.00) on shares of Mesa Air Group in a research report on Monday. ValuEngine cut Mesa Air Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. B. Riley started coverage on Mesa Air Group in a research report on Friday, July 12th. They set a “buy” rating and a $16.00 price target for the company. Finally, Zacks Investment Research lowered Mesa Air Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the stock. Mesa Air Group currently has a consensus rating of “Buy” and a consensus target price of $14.57.

The firm’s 50 day moving average price is $9.43. The company has a market cap of $171.60 million and a price-to-earnings ratio of 4.99. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 1.70.

Mesa Air Group (NASDAQ:MESA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.25). The company had revenue of $180.22 million for the quarter, compared to analysts’ expectations of $182.91 million. Mesa Air Group had a net margin of 7.68% and a return on equity of 16.52%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS. As a group, equities research analysts forecast that Mesa Air Group Inc will post 2.15 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MESA. BlackRock Inc. lifted its holdings in shares of Mesa Air Group by 9.3% in the 4th quarter. BlackRock Inc. now owns 730,969 shares of the company’s stock worth $5,636,000 after purchasing an additional 62,402 shares in the last quarter. Northern Trust Corp raised its position in Mesa Air Group by 4.6% in the 4th quarter. Northern Trust Corp now owns 118,776 shares of the company’s stock valued at $915,000 after buying an additional 5,186 shares during the last quarter. Geode Capital Management LLC raised its position in Mesa Air Group by 35.0% in the 4th quarter. Geode Capital Management LLC now owns 102,440 shares of the company’s stock valued at $789,000 after buying an additional 26,573 shares during the last quarter. FMR LLC raised its position in Mesa Air Group by 88.5% in the 4th quarter. FMR LLC now owns 322,300 shares of the company’s stock valued at $2,485,000 after buying an additional 151,300 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Mesa Air Group by 14.3% in the 1st quarter. Rhumbline Advisers now owns 13,667 shares of the company’s stock valued at $114,000 after buying an additional 1,707 shares during the last quarter. Institutional investors and hedge funds own 67.34% of the company’s stock.

Mesa Air Group Company Profile (NASDAQ:MESA)

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.

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