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

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

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

Air Transport Services Group Price Performance

NASDAQ:ATSG opened at $22.04 on Wednesday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -550.86 and a beta of 0.85. The company has a 50 day moving average price of $21.80 and a 200-day moving average price of $17.61. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. Air Transport Services Group has a 1-year low of $11.62 and a 1-year high of $22.33.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 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 analysts’ expectations of $507.46 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. Air Transport Services Group’s revenue was down 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. Equities research analysts forecast that Air Transport Services Group will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Air Transport Services Group

Large investors have recently modified their holdings of the business. Empowered Funds LLC grew its holdings in shares of Air Transport Services Group by 11.1% during the third quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock worth $4,702,000 after buying an additional 29,104 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Air Transport Services Group by 300.8% during the 2nd quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company’s stock valued at $3,515,000 after acquiring an additional 190,202 shares during the last quarter. Anchor Capital Management Company LLC boosted its position in shares of Air Transport Services Group by 26.4% during 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 acquiring an additional 233,789 shares during the last quarter. FMR LLC boosted its position in shares of Air Transport Services Group by 74.9% during the 3rd quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock valued at $3,460,000 after acquiring an additional 91,521 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new position in shares of Air Transport Services Group during the 3rd quarter valued at about $396,000. Hedge funds and other 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.