Air Transport Services Group (NASDAQ:ATSG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research note released on Friday morning. The brokerage issued a hold rating on the transportation company’s stock.

A number of other equities analysts also recently weighed in on the company. Truist Financial upped their price target on 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. Loop Capital restated a “hold” rating and set a $22.50 target price (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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Trading Up 0.5 %

Shares of NASDAQ:ATSG opened at $22.27 on Friday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -556.61 and a beta of 0.85. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $22.33. The company’s fifty day simple moving average is $22.00 and its 200 day simple moving average is $18.34. 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 released its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The firm had revenue of $471.00 million during the quarter, compared to analyst estimates of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS. As a group, research analysts forecast that Air Transport Services Group will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Air Transport Services Group

Large investors have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC acquired a new stake in Air Transport Services Group in the 3rd quarter valued at about $3,411,000. River Road Asset Management LLC raised its stake in Air Transport Services Group by 2.9% in the third 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 during the period. Marshall Wace LLP lifted its position in shares of Air Transport Services Group by 300.8% in the second 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 during the last quarter. Castleark Management LLC bought a new position in shares of Air Transport Services Group during the 3rd quarter worth approximately $2,826,000. Finally, AQR Capital Management LLC increased its holdings 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 worth $4,238,000 after acquiring an additional 155,984 shares during the last quarter. Institutional investors and hedge funds 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.