StockNews.com Begins Coverage on Air Transport Services Group (NASDAQ:ATSG)

Research analysts at StockNews.com started coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a report released on Wednesday. The firm set a “hold” rating on the transportation company’s stock.

ATSG has been the topic of a number of other research reports. 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 research note on Tuesday, November 5th. Stifel Nicolaus increased their target price on Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Truist Financial lifted their price target on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Trading Up 0.3 %

NASDAQ:ATSG traded up $0.06 during mid-day trading on Wednesday, hitting $22.07. The company had a trading volume of 911,826 shares, compared to its average volume of 634,119. The firm has a market cap of $1.45 billion, a P/E ratio of -551.61 and a beta of 0.81. The business’s fifty day moving average is $16.80 and its two-hundred day moving average is $15.22. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.81. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.27.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The firm had revenue of $471.00 million during the quarter, compared to analyst estimates 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%. Air Transport Services Group’s quarterly revenue was down 10.0% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. As a group, research analysts expect that Air Transport Services Group will post 0.84 earnings per share 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. Pullen Investment Management LLC lifted its position in shares of Air Transport Services Group by 3.6% in the second quarter. Pullen Investment Management LLC now owns 18,303 shares of the transportation company’s stock valued at $254,000 after buying an additional 640 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Air Transport Services Group by 2.7% in the second quarter. The Manufacturers Life Insurance Company now owns 27,804 shares of the transportation company’s stock valued at $386,000 after purchasing an additional 733 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of Air Transport Services Group by 3.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 39,667 shares of the transportation company’s stock worth $550,000 after buying an additional 1,158 shares during the last quarter. Cetera Trust Company N.A grew its stake in 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 valued at $177,000 after buying an additional 1,355 shares during the last quarter. Finally, Gladius Capital Management LP acquired a new stake in Air Transport Services Group during the second quarter worth approximately $34,000. 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.