Annandale Capital LLC Trims Stock Position in Mesa Air Group, Inc. (NASDAQ:MESA)

Annandale Capital LLC cut its position in Mesa Air Group, Inc. (NASDAQ:MESA) by 51.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,607 shares of the company’s stock after selling 155,663 shares during the quarter. Annandale Capital LLC owned about 0.35% of Mesa Air Group worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Raymond James Financial Inc. bought a new stake in Mesa Air Group during the fourth quarter valued at $44,000. Institutional investors and hedge funds own 13.34% of the company’s stock.

Mesa Air Group Stock Performance

NASDAQ:MESA opened at $0.71 on Friday. The stock has a market cap of $29.34 million, a P/E ratio of -0.31 and a beta of 3.10. The company has a quick ratio of 0.29, a current ratio of 0.45 and a debt-to-equity ratio of 2.13. The business’s 50-day moving average price is $1.05 and its two-hundred day moving average price is $1.09. Mesa Air Group, Inc. has a twelve month low of $0.68 and a twelve month high of $1.89.

About Mesa Air Group

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.