Madison Air Solutions (NYSE:MAIR) Director Buys 20,000 Shares

Key Points

• Director Andrew Hudson La III purchased 20,000 MAIR shares at an average price of $27.84, investing $556,800 and increasing his holdings by 119.67% to 36,713 shares.
• Madison Air Solutions reported quarterly EPS of $0.31, beating estimates by $0.07, while revenue reached $991.3 million—up 20.9% year over year.
• MAIR shares traded near $28.04, well below the 52-week high of $44.50. Analysts maintain a “Moderate Buy” consensus with a $44 average price target, despite some recent target reductions and downgrades.

Madison Air Solutions Corporation (NYSE:MAIR - Get Free Report) Director Force Andrew Hudson La III purchased 20,000 shares of the firm's stock in a transaction on Tuesday, August 25th. The stock was acquired at an average price of $27.84 per share, for a total transaction of $556,800.00. Following the transaction, the director owned 36,713 shares of the company's stock, valued at $1,022,089.92. The trade was a 119.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Madison Air Solutions Price Performance

Shares of NYSE:MAIR traded up $0.05 on Wednesday, reaching $28.04. 3,082,231 shares of the company traded hands, compared to its average volume of 2,560,259. Madison Air Solutions Corporation has a fifty-two week low of $24.75 and a fifty-two week high of $44.50. The firm has a 50 day simple moving average of $33.70. The stock has a market cap of $14.07 billion and a PE ratio of 0.00. 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 (NYSE:MAIR - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $991.30 million for the quarter. The firm's revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company posted $0.24 earnings per share. As a group, analysts expect that Madison Air Solutions Corporation will post 1.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MAIR. Wolfe Research assumed coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They issued a "peer perform" rating on the stock. Wells Fargo & Company decreased their price objective 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. Citigroup began coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They set a "buy" rating and a $49.00 price objective on the stock. Jefferies Financial Group assumed coverage on shares of Madison Air Solutions in a research note on Tuesday, May 12th. They set a "hold" rating and a $45.00 target price on the stock. Finally, Zacks Research lowered Madison Air Solutions from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.00.

Hedge Funds Weigh In On Madison Air Solutions

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

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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