Mesa Air Group (NASDAQ:RJET) Trading 7.4% Higher - What's Next?

Key Points

• Shares of Mesa Air Group were up 7.4% on Monday, trading as high as $18.13 and finishing around $17.94 on a volume surge of about 72% above the average.
• Analyst sentiment remains weak overall — Wall Street Zen recently moved the stock to a "hold," but the stock's average rating is "Sell".
• Fundamentals show a market cap of about $494.3 million, a negative P/E and net margin, last quarter EPS of $0.54 on $464.1 million revenue, and the share price sitting below both its 50-day ($18.58) and 200-day ($19.80) moving averages.

Mesa Air Group, Inc. (NASDAQ:RJET - Get Free Report)'s share price was up 7.4% during trading on Monday . The stock traded as high as $18.13 and last traded at $17.94. Approximately 189,664 shares changed hands during trading, an increase of 72% from the average daily volume of 110,137 shares. The stock had previously closed at $16.71.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Mesa Air Group to a "hold" rating in a research report on Saturday, December 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of "Sell".

Mesa Air Group Stock Up 5.9%

The stock's 50 day simple moving average is $18.58 and its two-hundred day simple moving average is $19.80. The firm has a market cap of $494.29 million, a P/E ratio of -10.00 and a beta of 1.59. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.94 and a quick ratio of 0.79.

Mesa Air Group (NASDAQ:RJET - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The company reported $0.54 EPS for the quarter. The firm had revenue of $464.10 million for the quarter. Mesa Air Group had a positive return on equity of 4.28% and a negative net margin of 6.32%.

Institutional Investors Weigh In On Mesa Air Group

Several hedge funds have recently added to or reduced their stakes in RJET. Par Capital Management Inc. purchased a new position in shares of Mesa Air Group in the second quarter worth $2,091,000. Orvieto Partners L.P. purchased a new stake in shares of Mesa Air Group during the second quarter valued at $444,000. Pinnacle Holdings LLC boosted its position in shares of Mesa Air Group by 31.8% during the third quarter. Pinnacle Holdings LLC now owns 1,628,136 shares of the company's stock valued at $2,117,000 after buying an additional 392,878 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Mesa Air Group in the 3rd quarter worth about $56,000. Finally, Geode Capital Management LLC bought a new stake in Mesa Air Group in the 4th quarter worth about $442,000. 13.34% of the stock is owned by institutional investors.

About Mesa Air Group

Mesa Air Group, Inc is a regional airline holding company headquartered in Phoenix, Arizona. The company provides feeder air transportation services under capacity purchase agreements with major carriers in the United States, operating as an affiliate of American Airlines and United Airlines. Mesa Air Group’s operations are conducted through two wholly owned subsidiaries, Mesa Airlines and Mokulele Airlines, which serve domestic markets on a scheduled basis.

Mesa Airlines is the company’s primary regional carrier.

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