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

Stock analysts at StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a note issued to investors on Friday. The brokerage set a “hold” rating on the transportation company’s stock.

Air Transport Services Group Stock Performance

NASDAQ:ATSG opened at $22.32 on Friday. The firm has a market capitalization of $1.47 billion, a PE ratio of -557.86 and a beta of 0.79. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. Air Transport Services Group has a twelve month low of $11.69 and a twelve month high of $22.38. The stock’s 50-day simple moving average is $22.25 and its 200 day simple moving average is $20.15.

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

Institutional Investors Weigh In On Air Transport Services Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC acquired a new position in shares of Air Transport Services Group in the 3rd quarter valued at about $197,000. FMR LLC boosted its holdings in Air Transport Services Group by 74.9% in the third quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock worth $3,460,000 after acquiring an additional 91,521 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Air Transport Services Group during the 3rd quarter valued at $3,411,000. Systematic Financial Management LP bought a new stake in shares of Air Transport Services Group during the third quarter worth about $396,000. Finally, State Street Corp raised its stake in shares of Air Transport Services Group by 1.1% in the third quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock worth $20,378,000 after purchasing an additional 13,880 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

About Air Transport Services Group

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.