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

StockNews.com started coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research report report published on Sunday morning. The brokerage issued a hold rating on the transportation company’s stock.

Air Transport Services Group Price Performance

ATSG stock opened at $22.40 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. Air Transport Services Group has a 12 month low of $11.69 and a 12 month high of $22.47. The stock has a market cap of $1.48 billion, a PE ratio of -559.86 and a beta of 0.88. The company has a 50-day moving average price of $22.31 and a 200 day moving average price of $20.76.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $521.36 million. Equities research analysts anticipate that Air Transport Services Group will post 0.83 earnings per share 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. Independence Bank of Kentucky bought a new position in shares of Air Transport Services Group in the fourth quarter worth about $33,000. Sterling Capital Management LLC lifted its holdings in Air Transport Services Group by 797.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company’s stock valued at $36,000 after buying an additional 1,459 shares in the last quarter. AlphaQuest LLC boosted its position in Air Transport Services Group by 89.8% in 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. Covestor Ltd grew its stake in Air Transport Services Group by 96.8% in the 4th quarter. Covestor Ltd now owns 3,729 shares of the transportation company’s stock worth $82,000 after acquiring an additional 1,834 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Air Transport Services Group during the fourth quarter worth approximately $99,000. 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.