Air Transport Services Group, Inc. (NASDAQ:ATSG) Given Average Rating of “Hold” by Analysts

Air Transport Services Group, Inc. (NASDAQ:ATSG) has received a consensus rating of “Hold” from the five research firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $20.60.

Separately, StockNews.com started coverage on shares of Air Transport Services Group in a research report on Thursday. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Air Transport Services Group

A number of institutional investors have recently bought and sold shares of ATSG. Rhumbline Advisers boosted its holdings in Air Transport Services Group by 0.8% in the fourth quarter. Rhumbline Advisers now owns 83,623 shares of the transportation company’s stock valued at $1,838,000 after acquiring an additional 686 shares during the last quarter. Cetera Trust Company N.A raised its stake in shares of Air Transport Services Group by 6.6% in the 4th quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 725 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Air Transport Services Group by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,127 shares of the transportation company’s stock valued at $640,000 after acquiring an additional 982 shares in the last quarter. AlphaQuest LLC boosted its position in Air Transport Services Group by 89.8% during the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock worth $58,000 after purchasing an additional 1,246 shares during the period. Finally, Sterling Capital Management LLC boosted its position 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 worth $36,000 after purchasing an additional 1,459 shares during the period. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Air Transport Services Group Stock Performance

NASDAQ ATSG opened at $22.33 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.38. The business has a fifty day moving average of $22.22 and a 200-day moving average of $19.95. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -558.11 and a beta of 0.79.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations 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%. As a group, analysts predict that Air Transport Services Group will post 0.83 earnings per share for the current fiscal year.

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.