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

StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a report issued on Saturday. The brokerage issued a hold rating on the transportation company’s stock.

Several other equities analysts also recently commented on the stock. Loop Capital reaffirmed a “hold” rating and set a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Truist Financial boosted their price target on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. 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 Down 0.1 %

NASDAQ:ATSG opened at $22.20 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The company has a market cap of $1.46 billion, a P/E ratio of -554.86 and a beta of 0.84. The stock’s fifty day moving average price is $22.04 and its two-hundred day moving average price is $18.63. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.33.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The company had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share. As a group, analysts expect that Air Transport Services Group will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Independence Bank of Kentucky bought a new stake in shares of Air Transport Services Group during the fourth quarter valued at approximately $33,000. Blue Trust Inc. lifted its position in Air Transport Services Group by 1,320.1% during the third quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock valued at $79,000 after buying an additional 4,528 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Air Transport Services Group by 106.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock valued at $109,000 after buying an additional 3,471 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Air Transport Services Group in the 2nd quarter worth about $156,000. Finally, Cetera Trust Company N.A increased its stake in shares of Air Transport Services Group by 14.2% in the 3rd quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock worth $177,000 after acquiring an additional 1,355 shares in the last quarter. 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.