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

Analysts at StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the transportation company’s stock.

Several other analysts also recently weighed in on ATSG. 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. Stifel Nicolaus lifted their price objective on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Loop Capital restated a “hold” rating and issued a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four equities 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, Air Transport Services Group currently has a consensus rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Price Performance

ATSG stock opened at $21.96 on Thursday. The stock has a market cap of $1.44 billion, a PE ratio of -549.25 and a beta of 0.81. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $22.27. The company has a 50-day moving average price of $17.64 and a 200 day moving average price of $15.58. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06.

Air Transport Services Group (NASDAQ:ATSG) last announced its 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). Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The business had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $507.46 million. During the same quarter last year, the firm earned $0.32 EPS. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. Equities research analysts anticipate that Air Transport Services Group will post 0.84 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATSG. Empowered Funds LLC raised its holdings in shares of Air Transport Services Group by 11.1% in the 3rd quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock valued at $4,702,000 after purchasing an additional 29,104 shares in the last quarter. Marshall Wace LLP raised its stake in Air Transport Services Group by 300.8% in the second quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company’s stock worth $3,515,000 after buying an additional 190,202 shares in the last quarter. Anchor Capital Management Company LLC lifted its holdings in Air Transport Services Group by 26.4% during the second 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 period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Air Transport Services Group by 14.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after acquiring an additional 380,958 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Air Transport Services Group by 14.8% during the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock valued at $25,855,000 after acquiring an additional 239,919 shares in the last quarter. 91.81% of the stock is currently owned by institutional investors.

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.