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

Investment analysts at StockNews.com started coverage on shares of Air T (NASDAQ:AIRTGet Rating) in a research note issued to investors on Friday. The firm set a “hold” rating on the transportation company’s stock.

Air T Stock Performance

Shares of AIRT opened at $21.15 on Friday. The business’s 50 day moving average is $19.51 and its two-hundred day moving average is $17.43. Air T has a 52-week low of $14.01 and a 52-week high of $32.99. The firm has a market cap of $60.62 million, a price-to-earnings ratio of 6.67 and a beta of 1.23. The company has a quick ratio of 1.73, a current ratio of 4.66 and a debt-to-equity ratio of 5.45.

Air T (NASDAQ:AIRTGet Rating) last announced its earnings results on Friday, August 12th. The transportation company reported ($0.50) earnings per share (EPS) for the quarter. Air T had a net margin of 4.82% and a return on equity of 39.45%. The business had revenue of $50.86 million during the quarter.

Insider Activity

In other news, Director Raymond E. Cabillot purchased 1,991 shares of the stock in a transaction dated Friday, September 16th. The stock was acquired at an average cost of $15.50 per share, for a total transaction of $30,860.50. Following the acquisition, the director now owns 13,146 shares of the company’s stock, valued at $203,763. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, Director Raymond E. Cabillot bought 1,991 shares of the business’s stock in a transaction on Friday, September 16th. The shares were bought at an average cost of $15.50 per share, for a total transaction of $30,860.50. Following the completion of the purchase, the director now owns 13,146 shares of the company’s stock, valued at approximately $203,763. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raymond E. Cabillot bought 5,000 shares of the business’s stock in a transaction on Monday, September 12th. The stock was bought at an average price of $17.54 per share, for a total transaction of $87,700.00. Following the completion of the purchase, the director now directly owns 8,146 shares of the company’s stock, valued at approximately $142,880.84. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 7,793 shares of company stock worth $130,831. 64.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Air T

A hedge fund recently raised its stake in Air T stock. DCF Advisers LLC raised its stake in Air T, Inc. (NASDAQ:AIRTGet Rating) by 13.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 13,650 shares of the transportation company’s stock after buying an additional 1,650 shares during the quarter. DCF Advisers LLC owned approximately 0.48% of Air T worth $225,000 as of its most recent SEC filing. 10.49% of the stock is owned by institutional investors.

About Air T

(Get Rating)

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 company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2022, this segment had 72 aircraft under the dry-lease agreements with FedEx.

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