Citadel Advisors LLC Purchases New Stake in Madison Air Solutions Corporation $MAIR

Citadel Advisors LLC acquired a new position in shares of Madison Air Solutions Corporation (NYSE:MAIR) during the second quarter, HoldingsChannel.com reports. The firm acquired 6,448,221 shares of the company’s stock, valued at approximately $251,481,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. acquired a new stake in shares of Madison Air Solutions in the 2nd quarter worth $67,411,000. Madison Asset Management LLC acquired a new position in shares of Madison Air Solutions during the 2nd quarter valued at about $3,215,000. Amundi acquired a new position in shares of Madison Air Solutions during the 2nd quarter valued at about $6,406,000. Bank of New York Mellon Corp purchased a new stake in shares of Madison Air Solutions in the second quarter valued at about $1,659,000. Finally, Readystate Asset Management LP purchased a new stake in shares of Madison Air Solutions in the second quarter valued at about $16,029,000.

Insider Activity

In related news, Director Hudson La Force, III acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $27.84 per share, with a total value of $556,800.00. Following the transaction, the director owned 36,713 shares of the company’s stock, valued at approximately $1,022,089.92. This trade represents a 119.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MAIR. Bank of America began coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They set a “buy” rating and a $47.00 target price on the stock. Vertical Research initiated coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They issued a “buy” rating and a $50.00 price target for the company. Jefferies Financial Group assumed coverage on shares of Madison Air Solutions in a report on Tuesday, May 12th. They set a “hold” rating and a $45.00 price target for the company. Wolfe Research assumed coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They set a “peer perform” rating on the stock. Finally, Wall Street Zen upgraded Madison Air Solutions to a “hold” rating in a report on Sunday, July 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Madison Air Solutions has an average rating of “Moderate Buy” and a consensus target price of $44.00.

Madison Air Solutions Trading Up 0.2%

Shares of MAIR opened at $25.96 on Monday. The stock has a market cap of $13.02 billion and a price-to-earnings ratio of 0.00. Madison Air Solutions Corporation has a 12-month low of $24.75 and a 12-month high of $44.50. The firm has a 50-day moving average of $31.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 1.82.

Madison Air Solutions (NYSE:MAIR) last posted its earnings results on Thursday, July 30th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The company had revenue of $991.30 million during the quarter. Madison Air Solutions’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Equities research analysts forecast that Madison Air Solutions Corporation will post 1.11 earnings per share for the current year.

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.