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

Equities research analysts at StockNews.com started coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research report issued on Friday. The brokerage set a “hold” rating on the transportation company’s stock.

Air Transport Services Group Price Performance

Air Transport Services Group stock opened at $22.32 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -557.86 and a beta of 0.79. Air Transport Services Group has a 12 month low of $11.69 and a 12 month high of $22.38. The business’s 50 day simple moving average is $22.25 and its 200 day simple moving average is $20.15.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 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 the consensus estimate of $521.36 million. Sell-side analysts forecast that Air Transport Services Group will post 0.83 EPS for the current year.

Institutional Trading of Air Transport Services Group

A number of hedge funds and other institutional investors have recently bought and sold shares of ATSG. Rhumbline Advisers grew its holdings in shares of Air Transport Services Group by 0.8% during the fourth quarter. Rhumbline Advisers now owns 83,623 shares of the transportation company’s stock worth $1,838,000 after purchasing an additional 686 shares in the last quarter. Cetera Trust Company N.A increased its holdings in shares of Air Transport Services Group by 6.6% in the fourth quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock worth $256,000 after buying an additional 725 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Air Transport Services Group by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,127 shares of the transportation company’s stock valued at $640,000 after purchasing an additional 982 shares during the last quarter. AlphaQuest LLC boosted its position in 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 buying an additional 1,246 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of Air Transport Services Group by 797.3% during the fourth 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 during the period. Institutional investors own 91.81% of the company’s stock.

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.