Air Transport Services Group (NASDAQ:ATSG) Now Covered by Analysts at StockNews.com

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

Air Transport Services Group Trading Down 0.0 %

ATSG stock opened at $22.43 on Friday. Air Transport Services Group has a twelve month low of $11.69 and a twelve month high of $22.45. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -560.61 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. The firm’s fifty day simple moving average is $22.28 and its two-hundred day simple moving average is $20.43.

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

Hedge Funds Weigh In On Air Transport Services Group

A number of large investors have recently bought and sold shares of ATSG. CIBRA Capital Ltd bought a new stake in shares of Air Transport Services Group during the fourth quarter worth $7,383,000. Polar Asset Management Partners Inc. purchased a new position in Air Transport Services Group in the 4th quarter worth about $989,000. Pullen Investment Management LLC increased its stake in Air Transport Services Group by 45.4% in the 4th quarter. Pullen Investment Management LLC now owns 31,205 shares of the transportation company’s stock worth $686,000 after buying an additional 9,747 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Air Transport Services Group by 2,912.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 94,159 shares of the transportation company’s stock valued at $2,070,000 after buying an additional 91,033 shares in the last quarter. Finally, BCK Capital Management LP purchased a new stake in Air Transport Services Group in the 4th quarter valued at about $692,000. Hedge funds and other institutional investors 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.