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

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

Other equities research analysts have also recently issued reports about the stock. Truist Financial raised their price target 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 note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Stock Performance

Shares of ATSG opened at $22.29 on Wednesday. The company has a 50-day simple moving average of $22.16 and a 200-day simple moving average of $19.63. 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 $1.47 billion, a PE ratio of -557.11 and a beta of 0.84. Air Transport Services Group has a 52-week low of $11.62 and a 52-week high of $22.38.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $1.96 billion during 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%. Equities research analysts predict that Air Transport Services Group will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of Air Transport Services Group

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Air Transport Services Group by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,571,391 shares of the transportation company’s stock worth $78,500,000 after buying an additional 15,250 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Air Transport Services Group by 3.3% in the fourth quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company’s stock worth $50,201,000 after buying an additional 72,367 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in shares of Air Transport Services Group in the fourth quarter worth $31,377,000. FIL Ltd bought a new stake in shares of Air Transport Services Group in the fourth quarter worth $31,146,000. Finally, TIG Advisors LLC bought a new stake in shares of Air Transport Services Group in the fourth quarter worth $29,290,000. 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.