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

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

Air Transport Services Group Stock Up 0.0 %

Shares of NASDAQ ATSG opened at $22.33 on Thursday. The firm’s 50-day moving average price is $22.22 and its 200-day moving average price is $19.95. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -558.11 and a beta of 0.79. Air Transport Services Group has a 12-month low of $11.62 and a 12-month high of $22.38.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations 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%. On average, equities research analysts anticipate that Air Transport Services Group will post 0.83 EPS for the current fiscal year.

Institutional Trading of Air Transport Services Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATSG. Independence Bank of Kentucky purchased a new stake in Air Transport Services Group in the 4th quarter worth about $33,000. Sterling Capital Management LLC raised its position in Air Transport Services Group by 797.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company’s stock worth $36,000 after purchasing an additional 1,459 shares during the period. AlphaQuest LLC raised its position in Air Transport Services Group by 89.8% in the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock worth $58,000 after purchasing an additional 1,246 shares during the period. Covestor Ltd raised its position in Air Transport Services Group by 96.8% in the 4th quarter. Covestor Ltd now owns 3,729 shares of the transportation company’s stock worth $82,000 after purchasing an additional 1,834 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Air Transport Services Group in the 4th quarter worth about $99,000. 91.81% of the stock is owned by hedge funds and other 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.