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

StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the transportation company’s stock.

Air Transport Services Group Stock Up 0.0 %

Air Transport Services Group stock opened at $22.33 on Thursday. The firm 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 has a 52 week low of $11.62 and a 52 week high of $22.38. The business’s 50-day moving average price is $22.22 and its 200 day moving average price is $20.01. 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 (NASDAQ:ATSG) last issued its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, beating 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 analyst estimates of $521.36 million. As a group, sell-side analysts anticipate that Air Transport Services Group will post 0.83 earnings per share for the current year.

Institutional Trading of Air Transport Services Group

Institutional investors have recently bought and sold shares of the business. Independence Bank of Kentucky acquired a new stake in Air Transport Services Group in the fourth quarter valued at approximately $33,000. Sterling Capital Management LLC grew its holdings in Air Transport Services Group by 797.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 1,459 shares during the period. AlphaQuest LLC grew its holdings in Air Transport Services Group by 89.8% in the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 1,246 shares during the period. Covestor Ltd lifted its position in shares of Air Transport Services Group by 96.8% in the fourth quarter. Covestor Ltd now owns 3,729 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 1,834 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Air Transport Services Group in the fourth quarter valued at approximately $99,000. 91.81% of the stock is owned by institutional investors and hedge funds.

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.