Alyeska Investment Group L.P. Takes Position in Madison Air Solutions Corporation $MAIR

Alyeska Investment Group L.P. acquired a new stake in Madison Air Solutions Corporation (NYSE:MAIR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,728,497 shares of the company's stock, valued at approximately $67,411,000. Alyeska Investment Group L.P. owned approximately 0.34% of Madison Air Solutions as of its most recent SEC filing.

Separately, Madison Asset Management LLC acquired a new stake in Madison Air Solutions during the 2nd quarter worth approximately $3,215,000.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MAIR. Bank of America began coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They issued a "buy" rating and a $47.00 target price for the company. Weiss Ratings upgraded Madison Air Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, August 17th. William Blair initiated coverage on Madison Air Solutions in a research report on Monday, May 11th. They issued an "outperform" rating on the stock. The Goldman Sachs Group initiated coverage on Madison Air Solutions in a research note on Monday, May 11th. They issued a "neutral" rating and a $44.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on shares of Madison Air Solutions from $46.00 to $33.00 and set an "overweight" rating for the company in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Madison Air Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $44.00.

Madison Air Solutions Stock Down 0.0%

MAIR stock opened at $26.32 on Monday. The company has a market capitalization of $13.21 billion and a P/E ratio of 0.00. Madison Air Solutions Corporation has a twelve month low of $24.75 and a twelve month high of $44.50. The company has a 50 day moving average of $33.05. 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 - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $991.30 million for the quarter. The firm's quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. On average, equities research analysts anticipate that Madison Air Solutions Corporation will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Force Andrew Hudson La III acquired 20,000 shares of the firm'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 transaction, the director directly owned 36,713 shares in the company, valued at approximately $1,022,089.92. The trade was a 119.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Madison Air Solutions 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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