StockNews.com Begins Coverage on Air Transport Services Group (NASDAQ:ATSG)

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

Other equities research analysts have also recently issued reports about the company. Loop Capital reaffirmed a “hold” rating and set a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Truist Financial increased their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Price Performance

Shares of NASDAQ:ATSG opened at $22.27 on Friday. Air Transport Services Group has a 1-year low of $11.62 and a 1-year high of $22.33. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The business has a fifty day moving average price of $22.00 and a 200-day moving average price of $18.28. The company has a market capitalization of $1.46 billion, a PE ratio of -556.61 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The business had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $507.46 million. During the same period last year, the business earned $0.32 earnings per share. The company’s quarterly revenue was down 10.0% on a year-over-year basis. As a group, equities analysts expect that Air Transport Services Group will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ATSG. Hotchkis & Wiley Capital Management LLC purchased a new position in Air Transport Services Group in the third quarter worth about $3,411,000. River Road Asset Management LLC lifted its position in shares of Air Transport Services Group by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after buying an additional 201,722 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Air Transport Services Group by 300.8% during the 2nd quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company’s stock valued at $3,515,000 after buying an additional 190,202 shares in the last quarter. Castleark Management LLC purchased a new position in shares of Air Transport Services Group during the 3rd quarter valued at about $2,826,000. Finally, AQR Capital Management LLC lifted its position in shares of Air Transport Services Group by 104.3% during the 2nd quarter. AQR Capital Management LLC now owns 305,549 shares of the transportation company’s stock valued at $4,238,000 after buying an additional 155,984 shares in the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

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.