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

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

Air Transport Services Group Stock Performance

Shares of Air Transport Services Group stock opened at $22.43 on Friday. Air Transport Services Group has a 12 month low of $11.69 and a 12 month high of $22.45. The stock’s fifty day moving average price is $22.28 and its 200-day moving average price is $20.43. The firm has a market cap of $1.48 billion, a P/E ratio of -560.61 and a beta of 0.79. 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 earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $521.36 million. 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

A number of hedge funds have recently bought and sold shares of ATSG. Rhumbline Advisers raised its position in shares of Air Transport Services Group by 0.8% in the 4th quarter. Rhumbline Advisers now owns 83,623 shares of the transportation company’s stock worth $1,838,000 after acquiring an additional 686 shares in the last quarter. Cetera Trust Company N.A grew its stake in Air Transport Services Group by 6.6% in the fourth quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 725 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Air Transport Services Group by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,127 shares of the transportation company’s stock worth $640,000 after purchasing an additional 982 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Air Transport Services Group by 89.8% during the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after buying an additional 1,246 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of Air Transport Services Group by 797.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company’s stock valued at $36,000 after buying an additional 1,459 shares in the last quarter. Hedge funds and other 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.