Ergoteles LLC Trims Stock Position in Mesa Air Group, Inc. (NASDAQ:MESA)

Ergoteles LLC lowered its stake in shares of Mesa Air Group, Inc. (NASDAQ:MESA – Get Rating) by 17.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 88,913 shares of the company’s stock after selling 19,102 shares during the period. Ergoteles LLC owned about 0.24% of Mesa Air Group worth $147,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its position in shares of Mesa Air Group by 79.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 59,223 shares of the company’s stock valued at $261,000 after acquiring an additional 26,279 shares during the period. BlackRock Inc. grew its position in shares of Mesa Air Group by 0.9% during the 1st quarter. BlackRock Inc. now owns 2,480,056 shares of the company’s stock valued at $10,913,000 after acquiring an additional 21,713 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Mesa Air Group by 30.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,102,147 shares of the company’s stock valued at $4,849,000 after acquiring an additional 257,027 shares during the period. Federated Hermes Inc. grew its position in shares of Mesa Air Group by 778.0% during the 1st quarter. Federated Hermes Inc. now owns 23,839 shares of the company’s stock valued at $105,000 after acquiring an additional 21,124 shares during the period. Finally, Pinnacle Holdings LLC grew its position in shares of Mesa Air Group by 106.3% during the 1st quarter. Pinnacle Holdings LLC now owns 194,674 shares of the company’s stock valued at $857,000 after acquiring an additional 100,303 shares during the period. Hedge funds and other institutional investors own 36.82% of the company’s stock.

Mesa Air Group Price Performance

MESA stock opened at $3.64 on Wednesday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.55 and a quick ratio of 0.41. The firm has a market capitalization of $147.13 million, a P/E ratio of -0.74 and a beta of 2.47. The business’s 50-day moving average is $2.77 and its two-hundred day moving average is $2.03. Mesa Air Group, Inc. has a 1 year low of $1.03 and a 1 year high of $4.62.

Mesa Air Group (NASDAQ:MESA – Get Rating) last posted its quarterly earnings results on Thursday, February 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.40. The company had revenue of $147.17 million for the quarter, compared to analyst estimates of $130.09 million. Mesa Air Group had a negative return on equity of 9.62% and a negative net margin of 33.46%. Analysts anticipate that Mesa Air Group, Inc. will post -0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Mesa Air Group from $1.50 to $3.00 and gave the stock a “hold” rating in a report on Friday, February 10th.

Mesa Air Group Profile

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Mesa Air Group, Inc operates as a commercial aviation holding company, which engages in the provision of regional air carrier and passenger transportation services. Its fleet include American Eagle, United Express, and DHL Express flights. The company was founded in 1982 and is headquartered in Phoenix, AZ.