Air Transport Services Group (NASDAQ:ATSG) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a report issued on Thursday. 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 $22.31 on Thursday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -557.61 and a beta of 0.79. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $22.38. 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 stock’s 50 day moving average is $22.20 and its 200-day moving average is $19.91.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $521.36 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. Equities research analysts expect that Air Transport Services Group will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Air Transport Services Group

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its position in Air Transport Services Group by 247.7% during the third quarter. Barclays PLC now owns 72,934 shares of the transportation company’s stock worth $1,180,000 after buying an additional 51,955 shares in the last quarter. Empowered Funds LLC grew its position in 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. FMR LLC grew its position in Air Transport Services Group by 74.9% during the third quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock worth $3,460,000 after buying an additional 91,521 shares in the last quarter. Systematic Financial Management LP acquired a new stake in shares of Air Transport Services Group in the 3rd quarter valued at $396,000. Finally, Phocas Financial Corp. boosted its holdings in shares of Air Transport Services Group by 49.4% in the 3rd quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company’s stock valued at $3,611,000 after purchasing an additional 73,752 shares in the last quarter. Institutional investors and hedge funds 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.