79,950 Shares in Madison Air Solutions Corporation $MAIR Acquired by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC acquired 79,950 shares of Madison Air Solutions during the second quarter, valued at approximately $3.1 million. Several other institutional investors also initiated positions, including Alyeska Investment Group’s roughly $67.4 million stake.
• Analyst sentiment remains generally positive but has weakened, with multiple firms cutting price targets and Weiss Ratings downgrading the stock to “sell.” The consensus rating is “Moderate Buy,” with an average price target of $44.
• Madison Air Solutions reported quarterly EPS of $0.31, exceeding the $0.24 consensus estimate, while revenue rose 20.9% year over year to $991.3 million. The stock opened at $25.25, near its 52-week low of $24.34.

Squarepoint Ops LLC bought a new position in shares of Madison Air Solutions Corporation (NYSE:MAIR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 79,950 shares of the company's stock, valued at approximately $3,118,000.

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

Wall Street Analyst Weigh In

MAIR has been the topic of several recent research reports. Royal Bank Of Canada decreased their price objective on shares of Madison Air Solutions from $47.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Madison Air Solutions to a "hold" rating in a report on Sunday, July 12th. 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. Stifel Nicolaus reduced their price target on shares of Madison Air Solutions from $49.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Finally, Weiss Ratings lowered shares of Madison Air Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $44.00.

Madison Air Solutions Trading Up 0.2%

Madison Air Solutions stock opened at $25.25 on Monday. The stock has a market cap of $12.67 billion and a PE ratio of 0.00. The stock's 50-day moving average is $30.54. Madison Air Solutions Corporation has a 52 week low of $24.34 and a 52 week high of $44.50. The company has a current ratio of 1.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.84.

Madison Air Solutions (NYSE:MAIR - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.07. The firm had revenue of $991.30 million during the quarter. During the same quarter last year, the business posted $0.24 EPS. The company's quarterly revenue was up 20.9% compared to the same quarter last year. On average, equities analysts predict that Madison Air Solutions Corporation will post 1.09 EPS for the current year.

Insider Buying and Selling

In other Madison Air Solutions news, Director Hudson La Force, III acquired 20,000 shares of the company's stock in a transaction dated Tuesday, August 25th. The stock was bought at an average price of $27.84 per share, with a total value of $556,800.00. Following the completion of the transaction, the director directly owned 36,713 shares of the company's stock, valued at approximately $1,022,089.92. The trade was a 119.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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.

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