Air T (NASDAQ:AIRT) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Air T (NASDAQ:AIRTGet Free Report) in a note issued to investors on Sunday. The firm set a “hold” rating on the transportation company’s stock.

Air T Price Performance

NASDAQ AIRT opened at $18.09 on Friday. The company has a debt-to-equity ratio of 7.68, a current ratio of 1.94 and a quick ratio of 0.86. The firm has a market capitalization of $51.00 million, a PE ratio of -4.39 and a beta of 0.73. Air T has a 12 month low of $12.53 and a 12 month high of $28.62. The company’s 50 day simple moving average is $16.43 and its 200 day simple moving average is $19.83.

Air T (NASDAQ:AIRTGet Free Report) last posted its quarterly earnings results on Monday, November 13th. The transportation company reported ($0.57) earnings per share (EPS) for the quarter. The business had revenue of $78.97 million during the quarter. Air T had a negative return on equity of 49.62% and a negative net margin of 4.11%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. UBS Group AG grew its position in Air T by 11,365.0% during the 4th quarter. UBS Group AG now owns 14,102 shares of the transportation company’s stock worth $238,000 after purchasing an additional 13,979 shares in the last quarter. DCF Advisers LLC grew its position in Air T by 20.0% during the 1st quarter. DCF Advisers LLC now owns 12,000 shares of the transportation company’s stock worth $273,000 after purchasing an additional 1,996 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Air T by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,569 shares of the transportation company’s stock worth $441,000 after purchasing an additional 752 shares in the last quarter. Morgan Stanley grew its position in Air T by 2.2% during the 4th quarter. Morgan Stanley now owns 22,750 shares of the transportation company’s stock worth $562,000 after purchasing an additional 500 shares in the last quarter. Finally, Meitav Investment House Ltd. acquired a new stake in shares of Air T during the 2nd quarter valued at $692,000. Institutional investors and hedge funds own 9.30% of the company’s stock.

About Air T

(Get Free Report)

Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx.

Further Reading

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