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

StockNews.com assumed coverage on shares of Air T (NASDAQ:AIRTFree Report) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the transportation company’s stock.

Air T Price Performance

NASDAQ AIRT opened at $17.13 on Friday. The business’s fifty day moving average is $16.43 and its two-hundred day moving average is $19.86. The company has a debt-to-equity ratio of 7.68, a quick ratio of 0.86 and a current ratio of 1.94. Air T has a 1 year low of $12.53 and a 1 year high of $28.62. The stock has a market capitalization of $48.31 million, a P/E ratio of -4.16 and a beta of 0.73.

Air T (NASDAQ:AIRTGet Free Report) last issued its quarterly earnings data on Monday, November 13th. The transportation company reported ($0.57) earnings per share (EPS) for the quarter. The business had revenue of $78.97 million during the quarter. Air T had a negative return on equity of 49.62% and a negative net margin of 4.11%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. UBS Group AG raised its position 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 last quarter. Meitav Investment House Ltd. acquired a new position in shares of Air T in the 2nd quarter valued at $692,000. Morgan Stanley grew its holdings in shares of Air T by 2.2% in the 4th quarter. Morgan Stanley now owns 22,750 shares of the transportation company’s stock valued at $562,000 after buying an additional 500 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Air T by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,569 shares of the transportation company’s stock valued at $441,000 after buying an additional 752 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Air T by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 53,347 shares of the transportation company’s stock valued at $913,000 after buying an additional 2,300 shares during the period. Institutional investors own 9.30% of the company’s stock.

About Air T

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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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