Mesa Air Group, Inc. (NASDAQ:RJET – Get Free Report)’s stock price traded up 16.3% on Thursday . The stock traded as high as $21.00 and last traded at $21.00. Approximately 30,343 shares were traded during mid-day trading, a decline of 78% from the average session volume of 136,963 shares. The stock had previously closed at $18.05.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered shares of Mesa Air Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.
Check Out Our Latest Stock Report on RJET
Mesa Air Group Price Performance
Mesa Air Group (NASDAQ:RJET – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.89 EPS for the quarter. The business had revenue of $571.10 million for the quarter. Mesa Air Group had a net margin of 3.29% and a return on equity of 6.13%.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Mesa Air Group stock. Geode Capital Management LLC acquired a new position in Mesa Air Group, Inc. (NASDAQ:RJET – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 24,061 shares of the company’s stock, valued at approximately $442,000. Geode Capital Management LLC owned about 0.09% of Mesa Air Group at the end of the most recent quarter. Hedge funds and other institutional investors own 13.34% of the company’s stock.
Mesa Air Group Company Profile
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.
Read More
- Five stocks we like better than Mesa Air Group
- Tesla: After a Rough Quarter, 2 Very Different Futures Come Into Focus
- Why NXP Semiconductors Could Be the AI Stock Everyone Is Missing
- Powering Up: NextEra and Brookfield Build an Off-Grid Empire
- DoorDash’s Drone Certification Could Reshape Its Delivery Margins
Receive News & Ratings for Mesa Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mesa Air Group and related companies with MarketBeat.com's FREE daily email newsletter.
