Air Transport Services Group (NASDAQ:ATSG) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a report released on Thursday. The firm set a “hold” rating on the transportation company’s stock.

Air Transport Services Group Price Performance

NASDAQ:ATSG opened at $22.31 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average price is $22.20 and its two-hundred day moving average price is $19.91. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -557.61 and a beta of 0.79. Air Transport Services Group has a 12-month low of $11.62 and a 12-month high of $22.38.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $521.36 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. On average, analysts anticipate that Air Transport Services Group will post 0.83 earnings per share for the current year.

Institutional Trading of Air Transport Services Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Independence Bank of Kentucky acquired a new position in shares of Air Transport Services Group in the fourth quarter valued at approximately $33,000. Sterling Capital Management LLC grew its position in shares of Air Transport Services Group by 797.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 1,459 shares during the last quarter. AlphaQuest LLC grew its position in shares of Air Transport Services Group by 89.8% in the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 1,246 shares during the last quarter. Covestor Ltd grew its position in shares of Air Transport Services Group by 96.8% in the fourth quarter. Covestor Ltd now owns 3,729 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 1,834 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Air Transport Services Group in the fourth quarter valued at approximately $99,000. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.