Mesa Air Group (NASDAQ:RJET) Issues Earnings Results

Mesa Air Group (NASDAQ:RJET) posted its quarterly earnings data on Wednesday. The company reported $0.54 EPS for the quarter, Zacks reports. The firm had revenue of $464.10 million during the quarter. Mesa Air Group had a negative net margin of 43.64% and a negative return on equity of 1,171.23%.

Mesa Air Group Trading Down 2.7%

Shares of RJET stock traded down $0.56 on Thursday, hitting $20.00. 21,464 shares of the stock were exchanged, compared to its average volume of 72,635. The firm’s 50 day moving average is $19.00 and its two-hundred day moving average is $19.90. Mesa Air Group has a one year low of $10.22 and a one year high of $25.80. The firm has a market capitalization of $558.60 million, a PE ratio of -3.31 and a beta of 1.59.

Hedge Funds Weigh In On Mesa Air Group

An institutional investor recently bought a new position in Mesa Air Group stock. Par Capital Management Inc. bought a new position in Mesa Air Group, Inc. (NASDAQ:RJET) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,248,190 shares of the company’s stock, valued at approximately $2,091,000. Par Capital Management Inc. owned approximately 5.37% of Mesa Air Group as of its most recent SEC filing. 13.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Mesa Air Group to a “hold” rating in a report on Saturday, December 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Mesa Air Group currently has a consensus rating of “Sell”.

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.