Madison Air Solutions Corporation’s (NYSE:MAIR) Lock-Up Period Set To End on October 13th

Madison Air Solutions’ (NYSE:MAIR) lock-up period will expire on Tuesday, October 13th. Madison Air Solutions had issued 82,692,308 shares in its public offering on April 16th. The total size of the offering was $2,232,692,316 based on an initial share price of $27.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Wall Street Analysts Forecast Growth

MAIR has been the topic of a number of research analyst reports. Wall Street Zen upgraded Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Stifel Nicolaus decreased their price objective on shares of Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Zacks Research lowered shares of Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Wells Fargo & Company lowered their target price on shares of Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday, August 3rd. Finally, Weiss Ratings downgraded shares of Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, September 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Madison Air Solutions Price Performance

Shares of MAIR stock opened at $24.07 on Thursday. The stock has a fifty day moving average price of $26.78. Madison Air Solutions has a 1 year low of $22.91 and a 1 year high of $44.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.82 and a quick ratio of 1.21. The stock has a market cap of $12.08 billion and a price-to-earnings ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.07. The firm had revenue of $991.30 million for the quarter. The business’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. As a group, equities research analysts expect that Madison Air Solutions will post 1.09 earnings per share for the current year.

Insider Activity at Madison Air Solutions

In other news, Director Hudson La Force, III bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $27.84 per share, with a total value of $556,800.00. Following the completion of the acquisition, the director directly owned 36,713 shares of the company’s stock, valued at $1,022,089.92. This trade represents a 119.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On Madison Air Solutions

Institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in Madison Air Solutions during the 2nd quarter valued at approximately $251,481,000. Alyeska Investment Group L.P. acquired a new stake in shares of Madison Air Solutions in the second quarter worth $67,411,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Madison Air Solutions in the second quarter worth $23,790,000. State Street Corp purchased a new position in shares of Madison Air Solutions during the second quarter worth $16,558,000. Finally, Readystate Asset Management LP purchased a new position in shares of Madison Air Solutions during the second quarter worth $16,029,000.

Madison Air Solutions Company Profile

We take up to 25,000 breaths a day and spend up to 90% of our lives indoors, often breathing air that’s two to five times more polluted than outdoor air. Clean air is absolutely essential to human life, yet most people rarely think about the air we breathe at home, in our schools, in healthcare facilities and in the workplace. Poor air quality doesn’t just affect comfort; it undermines health, productivity and performance. Improving air quality is a fundamental principle that is a key tenet in everything we do.