Air Transport Services Group (NASDAQ:ATSG) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the transportation company’s stock.

Air Transport Services Group Stock Down 0.0 %

Shares of NASDAQ ATSG opened at $22.43 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. Air Transport Services Group has a 1 year low of $11.69 and a 1 year high of $22.45. The stock’s 50-day simple moving average is $22.28 and its 200-day simple moving average is $20.47. The firm 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 (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $521.36 million. As a group, equities analysts anticipate that Air Transport Services Group will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ATSG. CIBRA Capital Ltd acquired a new stake in shares of Air Transport Services Group in the 4th quarter valued at about $7,383,000. Polar Asset Management Partners Inc. bought a new stake in Air Transport Services Group in the fourth quarter valued at about $989,000. Pullen Investment Management LLC raised its stake in Air Transport Services Group by 45.4% during the fourth quarter. Pullen Investment Management LLC now owns 31,205 shares of the transportation company’s stock valued at $686,000 after buying an additional 9,747 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Air Transport Services Group by 2,912.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 94,159 shares of the transportation company’s stock valued at $2,070,000 after buying an additional 91,033 shares in the last quarter. Finally, BCK Capital Management LP bought a new position in Air Transport Services Group during the 4th quarter worth approximately $692,000. 91.81% of the stock is currently owned by 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.