StockNews.com Begins Coverage on Air T (NASDAQ:AIRT)

Investment analysts at StockNews.com assumed coverage on shares of Air T (NASDAQ:AIRTGet Free Report) in a research note issued on Saturday. The firm set a “hold” rating on the transportation company’s stock.

Air T Stock Up 5.7 %

AIRT stock opened at $22.20 on Friday. The company has a debt-to-equity ratio of 10.49, a quick ratio of 0.79 and a current ratio of 1.99. The company has a market capitalization of $62.60 million, a price-to-earnings ratio of -4.47 and a beta of 0.73. Air T has a fifty-two week low of $12.53 and a fifty-two week high of $28.62. The stock has a fifty day moving average of $17.84 and a 200-day moving average of $19.01.

Air T (NASDAQ:AIRTGet Free Report) last posted its quarterly earnings results on Monday, February 12th. The transportation company reported ($1.06) earnings per share for the quarter. The firm had revenue of $63.76 million for the quarter. Air T had a negative return on equity of 87.44% and a negative net margin of 4.91%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its stake in Air T by 2.2% in 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 during the period. Dimensional Fund Advisors LP boosted its stake in Air T by 4.5% in 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 during the period. DCF Advisers LLC boosted its stake in Air T by 20.0% in 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 during the period. Vanguard Group Inc. boosted its stake in Air T by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 53,347 shares of the transportation company’s stock worth $913,000 after purchasing an additional 2,300 shares during the period. Finally, UBS Group AG boosted its stake in Air T by 11,365.0% in 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 during the period. Institutional investors own 8.90% 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.

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