Air T (NASDAQ:AIRT) Now Covered by StockNews.com

StockNews.com started coverage on shares of Air T (NASDAQ:AIRT) in a research report released on Monday. The firm issued a hold rating on the transportation company’s stock.

Air T Stock Performance

NASDAQ:AIRT opened at $22.38 on Monday. The company has a fifty day moving average of $19.30 and a 200-day moving average of $18.98. The firm has a market capitalization of $63.16 million, a P/E ratio of -4.50 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 1.99 and a debt-to-equity ratio of 10.49. Air T has a twelve month low of $12.53 and a twelve month high of $28.62.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Air T by 4.5% during the third quarter. Vanguard Group Inc. now owns 53,347 shares of the transportation company’s stock worth $913,000 after buying an additional 2,300 shares during the last quarter. Morgan Stanley raised its holdings in Air T by 2.2% during the fourth quarter. Morgan Stanley now owns 22,750 shares of the transportation company’s stock worth $562,000 after buying an additional 500 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Air T by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,569 shares of the transportation company’s stock worth $441,000 after buying an additional 752 shares during the last quarter. UBS Group AG raised its holdings in Air T by 11,365.0% during the fourth quarter. UBS Group AG now owns 14,102 shares of the transportation company’s stock worth $238,000 after buying an additional 13,979 shares during the last quarter. Finally, DCF Advisers LLC raised its holdings in Air T by 20.0% during the first quarter. DCF Advisers LLC now owns 12,000 shares of the transportation company’s stock worth $273,000 after buying an additional 1,996 shares during the last quarter. Institutional investors and hedge funds own 8.90% of the company’s stock.

Air T Company Profile

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.