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

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

Air Transport Services Group Stock Performance

NASDAQ ATSG opened at $22.48 on Monday. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89. Air Transport Services Group has a twelve month low of $11.69 and a twelve month high of $22.49. 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 business’s fifty day moving average is $22.34 and its 200 day moving average is $21.06.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $521.36 million. As a group, sell-side analysts expect that Air Transport Services Group will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Air Transport Services Group

Large investors have recently modified their holdings of the business. Alpine Associates Management Inc. acquired a new stake in Air Transport Services Group in the fourth quarter valued at $31,377,000. FIL Ltd bought a new position in shares of Air Transport Services Group during the fourth quarter worth about $31,146,000. TIG Advisors LLC bought a new position in shares of Air Transport Services Group during the fourth quarter worth about $29,290,000. Nexpoint Asset Management L.P. acquired a new position in shares of Air Transport Services Group in the fourth quarter worth approximately $22,907,000. Finally, Squarepoint Ops LLC bought a new stake in Air Transport Services Group in the fourth quarter valued at approximately $17,922,000. 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.