Air Transport Services Group’s (ATSG) Hold Rating Reiterated at Loop Capital

Loop Capital reiterated their hold rating on shares of Air Transport Services Group (NASDAQ:ATSG) in a research report report published on Tuesday morning, Marketbeat.com reports. They currently have a $22.50 target price on the transportation company’s stock, up from their previous target price of $22.00.

Several other research firms have also weighed in on ATSG. Stifel Nicolaus boosted their price target on Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Truist Financial boosted their price target on Air Transport Services Group from $14.00 to $15.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Trading Down 0.0 %

NASDAQ ATSG opened at $22.04 on Tuesday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 88.16 and a beta of 0.81. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.27. The stock’s 50 day moving average price is $16.34 and its two-hundred day moving average price is $14.95. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.74.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Thursday, August 8th. The transportation company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $488.41 million for the quarter, compared to analyst estimates of $513.67 million. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. As a group, analysts anticipate that Air Transport Services Group will post 0.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. PAX Financial Group LLC acquired a new position in shares of Air Transport Services Group during the 1st quarter worth approximately $668,000. Marshall Wace LLP increased its holdings in shares of Air Transport Services Group by 300.8% during the 2nd quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company’s stock worth $3,515,000 after acquiring an additional 190,202 shares during the last quarter. Anchor Capital Management Company LLC boosted its stake in Air Transport Services Group by 26.4% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after purchasing an additional 233,789 shares during the period. First Eagle Investment Management LLC boosted its stake in Air Transport Services Group by 82.3% in the 1st quarter. First Eagle Investment Management LLC now owns 487,930 shares of the transportation company’s stock valued at $6,714,000 after purchasing an additional 220,300 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Air Transport Services Group by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after purchasing an additional 380,958 shares during the period. 91.81% of the stock is owned by institutional investors and hedge funds.

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.