Mesa Air Group, Inc. (NASDAQ:MESA) Stock Holdings Boosted by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in Mesa Air Group, Inc. (NASDAQ:MESA) by 64.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,352 shares of the company’s stock after buying an additional 25,715 shares during the quarter. Federated Hermes Inc. owned about 0.16% of Mesa Air Group worth $76,000 at the end of the most recent reporting period.

Separately, Raymond James Financial Inc. acquired a new position in shares of Mesa Air Group in the 4th quarter worth approximately $44,000. 13.34% of the stock is currently owned by institutional investors.

Mesa Air Group Stock Performance

NASDAQ MESA opened at $1.07 on Friday. The stock has a market cap of $44.20 million, a price-to-earnings ratio of -0.47 and a beta of 3.10. Mesa Air Group, Inc. has a twelve month low of $0.68 and a twelve month high of $1.89. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.29 and a current ratio of 0.45. The firm’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $1.08.

Mesa Air Group Profile

Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc that provides regional air carrier scheduled passenger services. The company offers scheduled flight and cargo services. As of September 30, 2023, it operated a fleet of 80 aircraft with approximately 296 daily departures to 86 cities in the United States and Mexico.