Air Transport Services Group (NASDAQ:ATSG) Now Covered by StockNews.com

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

Air Transport Services Group Stock Up 0.0 %

Shares of Air Transport Services Group stock opened at $22.33 on Friday. The business has a fifty day simple moving average of $22.25 and a 200 day simple moving average of $20.19. The stock has a market cap of $1.47 billion, a PE ratio of -558.11 and a beta of 0.79. 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 has a 12 month low of $11.69 and a 12 month high of $22.38.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $521.36 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. Research analysts predict that Air Transport Services Group will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Air Transport Services Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers increased its position in shares of Air Transport Services Group by 0.8% in the 4th quarter. Rhumbline Advisers now owns 83,623 shares of the transportation company’s stock valued at $1,838,000 after buying an additional 686 shares in the last quarter. Cetera Trust Company N.A increased its holdings in shares of Air Transport Services Group by 6.6% in the fourth quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock worth $256,000 after acquiring an additional 725 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Air Transport Services Group by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,127 shares of the transportation company’s stock worth $640,000 after acquiring an additional 982 shares in the last quarter. AlphaQuest LLC raised its position in shares of Air Transport Services Group by 89.8% during the fourth 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. Finally, Sterling Capital Management LLC lifted its holdings in shares of Air Transport Services Group by 797.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 1,459 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.