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

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

Other equities research analysts have also recently issued reports about the stock. Truist Financial boosted their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Stifel Nicolaus raised their target price on Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Loop Capital reaffirmed a “hold” rating and set a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Down 0.0 %

Air Transport Services Group stock opened at $22.02 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.81. The company has a market capitalization of $1.45 billion, a PE ratio of -550.36 and a beta of 0.81. The firm has a 50 day moving average price of $17.07 and a 200 day moving average price of $15.35. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.27.

Air Transport Services Group (NASDAQ:ATSG) last announced 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 company had revenue of $471.00 million during the quarter, compared to analyst estimates of $507.46 million. During the same quarter last year, the business earned $0.32 EPS. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. Research analysts expect that Air Transport Services Group will post 0.84 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Air Transport Services Group by 14.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock worth $41,120,000 after buying an additional 380,958 shares in the last quarter. American Century Companies Inc. increased its stake in Air Transport Services Group by 14.8% in the second quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock valued at $25,855,000 after acquiring an additional 239,919 shares during the last quarter. Anchor Capital Management Company LLC raised its position in Air Transport Services Group by 26.4% during the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after purchasing an additional 233,789 shares in the last quarter. First Eagle Investment Management LLC raised its position in Air Transport Services Group by 82.3% during the first quarter. First Eagle Investment Management LLC now owns 487,930 shares of the transportation company’s stock valued at $6,714,000 after purchasing an additional 220,300 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Air Transport Services Group during the third quarter worth $3,411,000. Institutional investors own 91.81% of the company’s stock.

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.