StockNews.com Begins Coverage on Air Transport Services Group (NASDAQ:ATSG)

Investment analysts at StockNews.com assumed coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the transportation company’s stock.

ATSG has been the topic of several other reports. Truist Financial increased their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Loop Capital reiterated 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Price Performance

Shares of ATSG opened at $21.98 on Tuesday. The firm has a market capitalization of $1.45 billion, a PE ratio of -549.36 and a beta of 0.85. The stock’s 50 day moving average is $21.29 and its two-hundred day moving average is $17.28. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $22.33. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The company had revenue of $471.00 million for 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%. Air Transport Services Group’s revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 earnings per share. Research analysts anticipate that Air Transport Services Group will post 0.81 earnings per share for the current year.

Institutional Investors Weigh In On Air Transport Services Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. River Road Asset Management LLC boosted its holdings in shares of Air Transport Services Group by 2.9% in the 3rd quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after purchasing an additional 201,722 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Air Transport Services Group by 14.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after acquiring an additional 380,958 shares during the last quarter. American Century Companies Inc. grew its position in Air Transport Services Group by 14.8% during 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 period. State Street Corp increased its stake in Air Transport Services Group by 1.1% during the third quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock worth $20,378,000 after acquiring an additional 13,880 shares during the last quarter. Finally, Anchor Capital Management Company LLC raised its holdings in shares of Air Transport Services Group by 26.4% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock worth $15,534,000 after purchasing an additional 233,789 shares during the period. Hedge funds and other 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.