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

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

ATSG has been the topic of several other research reports. Truist Financial raised their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Loop Capital reaffirmed a “hold” rating and set a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Trading Up 0.1 %

NASDAQ:ATSG opened at $21.90 on Monday. The company’s 50 day moving average is $20.50 and its 200-day moving average is $16.85. 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 $11.62 and a 12 month high of $22.33. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -547.36 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The business had revenue of $471.00 million during the quarter, compared to the consensus estimate of $507.46 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. Equities analysts anticipate that Air Transport Services Group will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Air Transport Services Group

Several large investors have recently modified their holdings of the stock. River Road Asset Management LLC raised its stake in Air Transport Services Group by 2.9% during the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock worth $116,085,000 after acquiring an additional 201,722 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Air Transport Services Group by 14.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after buying an additional 380,958 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Air Transport Services Group by 14.8% during the second quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock worth $25,855,000 after buying an additional 239,919 shares in the last quarter. State Street Corp raised its stake in shares of Air Transport Services Group by 1.1% in the third quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock valued at $20,378,000 after acquiring an additional 13,880 shares during the last quarter. Finally, Anchor Capital Management Company LLC boosted its holdings in shares of Air Transport Services Group by 26.4% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock worth $15,534,000 after acquiring an additional 233,789 shares in the last quarter. 91.81% of the stock is currently owned by institutional investors.

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.