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

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

Other equities analysts have also recently issued research reports about the stock. Loop Capital reaffirmed a “hold” rating and set a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Truist Financial lifted their target price on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Stock Performance

Shares of ATSG opened at $21.98 on Tuesday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -549.36 and a beta of 0.85. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The business’s 50 day moving average is $21.18 and its two-hundred day moving average is $17.25. Air Transport Services Group has a 52-week low of $11.62 and a 52-week high of $22.33.

Air Transport Services Group (NASDAQ:ATSG) last posted 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 company 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%. The company’s revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 earnings per share. Analysts forecast that Air Transport Services Group will post 0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Air Transport Services Group

Large investors have recently bought and sold shares of the business. River Road Asset Management LLC lifted its stake in Air Transport Services Group by 2.9% in the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after buying an additional 201,722 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Air Transport Services Group by 14.7% during 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 purchasing an additional 380,958 shares during the period. American Century Companies Inc. raised its stake 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 valued at $25,855,000 after purchasing an additional 239,919 shares in the last quarter. State Street Corp lifted its holdings in 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 worth $20,378,000 after purchasing an additional 13,880 shares during the period. Finally, Anchor Capital Management Company LLC grew its position in 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 valued at $15,534,000 after buying an additional 233,789 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

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.