Parallel Advisors LLC Buys Shares of 4,258 Mesa Air Group Inc (NASDAQ:MESA)

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Parallel Advisors LLC bought a new position in shares of Mesa Air Group Inc (NASDAQ:MESA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,258 shares of the company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. First Quadrant L P CA increased its position in shares of Mesa Air Group by 49.5% in the second quarter. First Quadrant L P CA now owns 3,933 shares of the company’s stock worth $36,000 after purchasing an additional 1,303 shares during the period. Rhumbline Advisers grew its stake in Mesa Air Group by 14.3% in the 1st quarter. Rhumbline Advisers now owns 13,667 shares of the company’s stock valued at $114,000 after purchasing an additional 1,707 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of Mesa Air Group during the 2nd quarter valued at $42,000. Northern Trust Corp lifted its position in shares of Mesa Air Group by 4.6% during the 4th quarter. Northern Trust Corp now owns 118,776 shares of the company’s stock valued at $915,000 after buying an additional 5,186 shares during the last quarter. Finally, Marshall Wace North America L.P. lifted its holdings in Mesa Air Group by 76.8% during the 1st quarter. Marshall Wace North America L.P. now owns 23,986 shares of the company’s stock worth $200,000 after purchasing an additional 10,417 shares in the last quarter. 72.00% of the stock is owned by institutional investors.

Shares of MESA traded up $0.09 during midday trading on Wednesday, hitting $6.42. 12,980 shares of the company’s stock traded hands, compared to its average volume of 478,730. Mesa Air Group Inc has a 1 year low of $5.35 and a 1 year high of $16.41. The firm’s fifty day moving average is $8.51 and its 200-day moving average is $9.06. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $188.79 million and a price-to-earnings ratio of 5.22.

Mesa Air Group (NASDAQ:MESA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.25). Mesa Air Group had a net margin of 7.68% and a return on equity of 16.32%. The business had revenue of $180.22 million for the quarter, compared to analysts’ expectations of $182.91 million. During the same quarter in the prior year, the company posted $0.37 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts anticipate that Mesa Air Group Inc will post 1.82 EPS for the current year.

Several equities analysts have recently commented on MESA shares. ValuEngine lowered Mesa Air Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Cowen reissued an “outperform” rating and issued a $9.00 target price (down previously from $12.00) on shares of Mesa Air Group in a report on Monday, August 12th. B. Riley initiated coverage on Mesa Air Group in a report on Friday, July 12th. They issued a “buy” rating and a $16.00 price objective for the company. Zacks Investment Research downgraded Mesa Air Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 15th. Finally, Stifel Nicolaus set a $10.00 price objective on Mesa Air Group and gave the company a “buy” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $13.86.

Mesa Air Group Profile

Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc, which provides regional air carrier services under capacity purchase agreements with the American Airlines and the United Airlines. As of September 30, 2018, it operated a fleet of 145 aircraft with approximately 730 daily departures to 110 cities in the United States, Canada, Mexico, Cuba, and the Bahamas.

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Institutional Ownership by Quarter for Mesa Air Group (NASDAQ:MESA)

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