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

Stock analysts at StockNews.com started coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the transportation company’s stock.

A number of other research firms also recently weighed in on ATSG. Loop Capital restated a “hold” rating and issued a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Truist Financial raised their target price on shares of 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. 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Stock Up 0.2 %

NASDAQ ATSG opened at $21.97 on Tuesday. The business has a fifty day moving average price of $21.06 and a two-hundred day moving average price of $17.18. The stock has a market capitalization of $1.44 billion, a PE ratio of -549.11 and a beta of 0.85. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.33. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. Air Transport Services Group’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 earnings per share. Equities analysts expect that Air Transport Services Group will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ATSG. River Road Asset Management LLC increased its holdings in Air Transport Services Group by 2.9% in the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after purchasing an additional 201,722 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of 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 buying an additional 380,958 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Air Transport Services Group by 14.8% in 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 buying an additional 239,919 shares during the period. State Street Corp raised its position in shares of Air Transport Services Group by 1.1% during the third quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock worth $20,378,000 after acquiring an additional 13,880 shares during the last quarter. Finally, Anchor Capital Management Company LLC lifted its stake in shares of Air Transport Services Group by 26.4% in the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock worth $15,534,000 after acquiring an additional 233,789 shares during the period. Institutional investors and hedge funds 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.