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

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

Air Transport Services Group Price Performance

Shares of Air Transport Services Group stock opened at $22.48 on Tuesday. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89. The stock has a 50-day simple moving average of $22.38 and a 200-day simple moving average of $21.43. Air Transport Services Group has a 52-week low of $11.69 and a 52-week high of $22.49. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. On average, equities research analysts expect that Air Transport Services Group will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of Air Transport Services Group

Large investors have recently made changes to their positions in the stock. Independence Bank of Kentucky acquired a new stake in Air Transport Services Group in the 4th quarter worth approximately $33,000. Sterling Capital Management LLC lifted its stake in shares of 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 worth $36,000 after buying an additional 1,459 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Air Transport Services Group by 89.8% during the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock worth $58,000 after buying an additional 1,246 shares during the period. Covestor Ltd grew its stake in Air Transport Services Group by 96.8% in the 4th quarter. Covestor Ltd now owns 3,729 shares of the transportation company’s stock valued at $82,000 after buying an additional 1,834 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Air Transport Services Group by 2,143.9% in the 1st quarter. GAMMA Investing LLC now owns 3,680 shares of the transportation company’s stock worth $83,000 after acquiring an additional 3,516 shares during the period. Institutional investors own 91.81% of the company’s stock.

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.