Air Transport Services Group (NASDAQ:ATSG) Coverage Initiated by Analysts at StockNews.com

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

ATSG has been the topic of several other reports. Stifel Nicolaus lifted their price objective on Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Truist Financial lifted their price target on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Loop Capital reiterated a “hold” rating and issued a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Stock Performance

NASDAQ:ATSG opened at $21.99 on Thursday. 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 $17.50 and its 200 day simple moving average is $15.54. The stock has a market cap of $1.45 billion, a P/E ratio of -549.61 and a beta of 0.81. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $22.27.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The company had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. During the same period in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. As a group, research analysts predict that Air Transport Services Group will post 0.84 EPS for the current year.

Institutional Trading of Air Transport Services Group

A number of hedge funds have recently made changes to their positions in the stock. River Road Asset Management LLC increased its position 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 buying an additional 201,722 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Air Transport Services Group by 14.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock worth $41,120,000 after acquiring an additional 380,958 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Air Transport Services Group by 14.8% during the second quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock valued at $25,855,000 after acquiring an additional 239,919 shares in the last quarter. State Street Corp raised its position in shares of Air Transport Services Group by 1.1% in the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock worth $20,378,000 after purchasing an additional 13,880 shares during the last quarter. Finally, 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 worth $15,534,000 after purchasing an additional 233,789 shares in the last quarter. 91.81% of the stock is owned by institutional investors.

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.