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

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

Air Transport Services Group Stock Performance

Shares of ATSG opened at $22.44 on Friday. The business has a 50-day simple moving average of $22.29 and a two-hundred day simple moving average of $20.56. 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 52 week low of $11.69 and a 52 week high of $22.46. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -560.86 and a beta of 0.79.

Air Transport Services Group (NASDAQ:ATSG) last released 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. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $521.36 million. On average, analysts expect that Air Transport Services Group will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Air Transport Services Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Independence Bank of Kentucky bought a new position in shares of Air Transport Services Group in the fourth quarter worth about $33,000. Sterling Capital Management LLC lifted its stake 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 in the last quarter. AlphaQuest LLC boosted its holdings in shares of Air Transport Services Group by 89.8% during the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 1,246 shares during the last quarter. Covestor Ltd grew its position in shares of Air Transport Services Group by 96.8% during the fourth quarter. Covestor Ltd now owns 3,729 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 1,834 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Air Transport Services Group in the fourth quarter worth about $99,000. 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.