Air Transport Services Group (NASDAQ:ATSG) Now Covered by Analysts at StockNews.com

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

ATSG has been the topic of several other research reports. Truist Financial lifted their target price on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 5th. Loop Capital reaffirmed a “hold” rating and issued a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Four 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, Air Transport Services Group has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Up 0.4 %

ATSG opened at $21.98 on Friday. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.33. The business has a 50 day moving average price of $19.87 and a two-hundred day moving average price of $16.55. 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 company has a market cap of $1.45 billion, a PE ratio of -549.50 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG) last released 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). Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The company had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $507.46 million. During the same quarter last year, the company earned $0.32 EPS. Air Transport Services Group’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, research 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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. River Road Asset Management LLC increased its stake in Air Transport Services Group by 2.9% in the 3rd quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after purchasing an additional 201,722 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings 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 purchasing an additional 380,958 shares during the last quarter. American Century Companies Inc. increased its position in shares of Air Transport Services Group by 14.8% in 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 buying an additional 239,919 shares in the last quarter. State Street Corp increased its position 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 buying an additional 13,880 shares in the last quarter. Finally, Anchor Capital Management Company LLC raised its stake 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 worth $15,534,000 after buying an additional 233,789 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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.