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

Analysts at StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research note issued on Sunday. The brokerage set a “hold” rating on the transportation company’s stock.

ATSG has been the subject of several other research reports. Truist Financial boosted their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Loop Capital reaffirmed a “hold” rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Air Transport Services Group currently has an average rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Stock Performance

Shares of NASDAQ:ATSG opened at $21.90 on Friday. The firm has a 50 day moving average of $19.73 and a 200 day moving average of $16.46. 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 company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -547.36 and a beta of 0.85. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.33.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The company had revenue of $471.00 million during the quarter, compared to the consensus estimate of $507.46 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was down 10.0% on a year-over-year basis. On average, sell-side analysts predict that Air Transport Services Group will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in shares of Air Transport Services Group during the second quarter valued at $45,000. CWM LLC grew its stake in Air Transport Services Group by 144.4% during the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 2,480 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Air Transport Services Group in the second quarter valued at about $58,000. Blue Trust Inc. raised its stake in shares of Air Transport Services Group by 1,320.1% in the third quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock worth $79,000 after purchasing an additional 4,528 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Air Transport Services Group during the second quarter worth about $73,000. Institutional investors and hedge funds 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.