Mesa Air Group (NASDAQ:RJET) Stock Price Down 4.8% – Should You Sell?

Shares of Mesa Air Group, Inc. (NASDAQ:RJET) were down 4.8% during mid-day trading on Thursday . The company traded as low as $16.77 and last traded at $16.90. Approximately 25,369 shares changed hands during trading, a decline of 81% from the average daily volume of 130,823 shares. The stock had previously closed at $17.76.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Mesa Air Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Mesa Air Group currently has an average rating of “Hold”.

Mesa Air Group Trading Down 0.8%

The stock has a market cap of $824.66 million, a P/E ratio of 18.73 and a beta of 1.57. The firm’s fifty day moving average price is $19.88 and its two-hundred day moving average price is $19.31. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.94 and a quick ratio of 0.75.

Mesa Air Group (NASDAQ:RJET) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.73 earnings per share for the quarter. The firm had revenue of $527.40 million for the quarter. Mesa Air Group had a net margin of 3.29% and a return on equity of 6.13%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC bought a new position in Mesa Air Group in the fourth quarter valued at $442,000. Pinnacle Holdings LLC increased its stake in Mesa Air Group by 31.8% in the third quarter. Pinnacle Holdings LLC now owns 1,628,136 shares of the company’s stock valued at $2,117,000 after acquiring an additional 392,878 shares during the last quarter. GSA Capital Partners LLP bought a new position in Mesa Air Group in the third quarter valued at $56,000. Finally, Par Capital Management Inc. bought a new position in Mesa Air Group in the second quarter valued at $2,091,000. Institutional investors own 13.34% of the company’s stock.

Mesa Air Group Company Profile

Mesa Air Group, Inc is a regional airline holding company headquartered in Phoenix, Arizona. The company provides feeder air transportation services under capacity purchase agreements with major carriers in the United States, operating as an affiliate of American Airlines and United Airlines. Mesa Air Group’s operations are conducted through two wholly owned subsidiaries, Mesa Airlines and Mokulele Airlines, which serve domestic markets on a scheduled basis.

Mesa Airlines is the company’s primary regional carrier.