Mesa Air Group (NASDAQ:MESA) Trading Up 0.9%

Mesa Air Group, Inc. (NASDAQ:MESA)’s stock price was up 0.9% on Wednesday . The stock traded as high as $0.83 and last traded at $0.81. Approximately 88,119 shares were traded during trading, a decline of 93% from the average daily volume of 1,347,364 shares. The stock had previously closed at $0.80.

Mesa Air Group Price Performance

The stock has a market cap of $34.60 million, a price-to-earnings ratio of -0.28 and a beta of 2.98. The company has a 50-day simple moving average of $0.87 and a two-hundred day simple moving average of $0.85. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.41 and a current ratio of 0.52.

Mesa Air Group (NASDAQ:MESA) last posted its earnings results on Friday, January 26th. The company reported ($0.64) earnings per share for the quarter. The business had revenue of $114.37 million for the quarter. Mesa Air Group had a negative return on equity of 31.58% and a negative net margin of 24.12%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MESA. Raymond James Financial Services Advisors Inc. grew its holdings in Mesa Air Group by 79.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 59,223 shares of the company’s stock valued at $261,000 after buying an additional 26,279 shares in the last quarter. BlackRock Inc. grew its holdings in Mesa Air Group by 0.9% in the 1st quarter. BlackRock Inc. now owns 2,480,056 shares of the company’s stock valued at $10,913,000 after buying an additional 21,713 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Mesa Air Group by 30.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,102,147 shares of the company’s stock valued at $4,849,000 after buying an additional 257,027 shares in the last quarter. Federated Hermes Inc. grew its holdings in Mesa Air Group by 778.0% in the 1st quarter. Federated Hermes Inc. now owns 23,839 shares of the company’s stock valued at $105,000 after buying an additional 21,124 shares in the last quarter. Finally, Pinnacle Holdings LLC grew its holdings in Mesa Air Group by 106.3% in the 1st quarter. Pinnacle Holdings LLC now owns 194,674 shares of the company’s stock valued at $857,000 after buying an additional 100,303 shares in the last quarter. 13.34% of the stock is owned by institutional investors and hedge funds.

About Mesa Air Group

Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc that provides regional air carrier scheduled passenger services. The company offers scheduled flight and cargo services. As of September 30, 2023, it operated a fleet of 80 aircraft with approximately 296 daily departures to 86 cities in the United States and Mexico.