StockNews.com Initiates Coverage on Air Transport Services Group (NASDAQ:ATSG)

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

Several other brokerages also recently commented on ATSG. Truist Financial upped their target price on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 5th. Loop Capital reaffirmed a “hold” rating and set a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Price Performance

Shares of NASDAQ:ATSG opened at $22.30 on Tuesday. The company has a market capitalization of $1.47 billion, a PE ratio of -557.36 and a beta of 0.84. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The stock has a fifty day moving average of $22.12 and a 200-day moving average of $19.39. Air Transport Services Group has a one year low of $11.62 and a one year high of $22.35.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. River Road Asset Management LLC grew its stake in Air Transport Services Group by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after acquiring an additional 201,722 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Air Transport Services Group by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,571,391 shares of the transportation company’s stock worth $78,500,000 after purchasing an additional 15,250 shares during the period. American Century Companies Inc. grew its position in Air Transport Services Group by 3.3% during the fourth quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company’s stock valued at $50,201,000 after purchasing an additional 72,367 shares in the last quarter. Alpine Associates Management Inc. acquired a new position in Air Transport Services Group in the 4th quarter valued at approximately $31,377,000. Finally, FIL Ltd purchased a new stake in Air Transport Services Group in the 4th quarter worth approximately $31,146,000. 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.