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

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

Other equities research analysts have also recently issued research reports about the company. Loop Capital reaffirmed a “hold” rating and issued a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Truist Financial raised their target price on 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Trading Up 0.2 %

Shares of ATSG opened at $22.03 on Wednesday. Air Transport Services Group has a 52-week low of $11.62 and a 52-week high of $22.33. The stock has a market cap of $1.45 billion, a PE ratio of -550.61 and a beta of 0.85. The firm’s fifty day moving average is $21.70 and its two-hundred day moving average is $17.58. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly 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 positive return on equity of 3.12% and a negative net margin of 0.12%. The business had revenue of $471.00 million for the quarter, compared to analyst estimates of $507.46 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The business’s revenue was down 10.0% compared to the same quarter last year. Research analysts forecast that Air Transport Services Group will post 0.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Air Transport Services Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its stake in shares of Air Transport Services Group by 11.1% in the 3rd quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock valued at $4,702,000 after purchasing an additional 29,104 shares during the last quarter. Marshall Wace LLP lifted its position in Air Transport Services Group by 300.8% in the second quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company’s stock valued at $3,515,000 after buying an additional 190,202 shares during the last quarter. Anchor Capital Management Company LLC increased its position in shares of Air Transport Services Group by 26.4% during the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after acquiring an additional 233,789 shares during the last quarter. FMR LLC increased its position in shares of Air Transport Services Group by 74.9% during the third quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock valued at $3,460,000 after acquiring an additional 91,521 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new position in shares of Air Transport Services Group in the 3rd quarter worth approximately $396,000. 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.