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

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

Air Transport Services Group Price Performance

Shares of ATSG stock opened at $22.43 on Friday. The business’s fifty day moving average is $22.28 and its 200 day moving average is $20.47. 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 stock has a market cap of $1.48 billion, a price-to-earnings ratio of -560.61 and a beta of 0.79. Air Transport Services Group has a twelve month low of $11.69 and a twelve month high of $22.45.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, topping 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 analysts’ expectations of $521.36 million. Research analysts expect that Air Transport Services Group will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Alpine Associates Management Inc. purchased a new position in shares of Air Transport Services Group during the fourth quarter valued at about $31,377,000. FIL Ltd bought a new position in Air Transport Services Group during the fourth quarter valued at approximately $31,146,000. TIG Advisors LLC purchased a new position in Air Transport Services Group during the 4th quarter valued at approximately $29,290,000. Nexpoint Asset Management L.P. bought a new stake in Air Transport Services Group in the 4th quarter worth approximately $22,907,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Air Transport Services Group during the 4th quarter worth approximately $17,922,000. 91.81% of the stock is owned by hedge funds and other institutional investors.

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.