Madison Air Solutions (NYSE:MAIR) Director Force Andrew Hudson La III Acquires 20,000 Shares

Madison Air Solutions Corporation (NYSE:MAIR) Director Force Andrew Hudson La III bought 20,000 shares of Madison Air Solutions stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average price of $27.84 per share, for a total transaction of $556,800.00. Following the completion of the acquisition, the director directly owned 36,713 shares of the company’s stock, valued at $1,022,089.92. The trade was a 119.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Madison Air Solutions Stock Performance

NYSE:MAIR opened at $28.31 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.82 and a quick ratio of 1.21. Madison Air Solutions Corporation has a fifty-two week low of $24.75 and a fifty-two week high of $44.50. The firm’s 50 day moving average price is $33.51. The firm has a market cap of $14.20 billion and a P/E ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $991.30 million during the quarter. During the same quarter in the prior year, the business earned $0.24 EPS. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. Research analysts predict that Madison Air Solutions Corporation will post 1.11 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on MAIR. Zacks Research cut shares of Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. William Blair initiated coverage on Madison Air Solutions in a research report on Monday, May 11th. They issued an “outperform” rating for the company. Weiss Ratings raised Madison Air Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Stifel Nicolaus cut their target price on Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, The Goldman Sachs Group assumed coverage on Madison Air Solutions in a research note on Monday, May 11th. They set a “neutral” rating and a $44.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MAIR. Bank of New York Mellon Corp acquired a new stake in Madison Air Solutions in the second quarter worth $1,659,000. Madison Asset Management LLC acquired a new position in shares of Madison Air Solutions during the second quarter valued at about $3,215,000. Amundi bought a new position in shares of Madison Air Solutions during the 2nd quarter worth about $6,406,000. Readystate Asset Management LP bought a new position in shares of Madison Air Solutions during the 2nd quarter worth about $16,029,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Madison Air Solutions in the 2nd quarter valued at about $67,411,000.

About Madison Air Solutions

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.