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

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

Air Transport Services Group Trading Up 0.0 %

NASDAQ:ATSG opened at $22.33 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. Air Transport Services Group has a one year low of $11.69 and a one year high of $22.38. The business’s 50-day simple moving average is $22.25 and its 200 day simple moving average is $20.22. The stock 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 (NASDAQ:ATSG) last announced its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share (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 firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $521.36 million. As a group, sell-side analysts predict that Air Transport Services Group will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of Air Transport Services Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. CIBRA Capital Ltd acquired a new stake in Air Transport Services Group during the fourth quarter valued at approximately $7,383,000. Polar Asset Management Partners Inc. acquired a new stake in Air Transport Services Group during the fourth quarter valued at approximately $989,000. Pullen Investment Management LLC raised its stake in Air Transport Services Group by 45.4% during the fourth quarter. Pullen Investment Management LLC now owns 31,205 shares of the transportation company’s stock valued at $686,000 after buying an additional 9,747 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Air Transport Services Group by 2,912.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 94,159 shares of the transportation company’s stock worth $2,070,000 after purchasing an additional 91,033 shares during the period. Finally, BCK Capital Management LP acquired a new stake in shares of Air Transport Services Group during the 4th quarter worth approximately $692,000. 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.