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

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

Several other research firms also recently commented on ATSG. Truist Financial boosted their target price on shares of 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 reaffirmed a “hold” rating and issued a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Price Performance

Shares of Air Transport Services Group stock opened at $22.30 on Tuesday. The stock has a 50-day simple moving average of $22.12 and a 200-day simple moving average of $19.39. Air Transport Services Group has a 52-week low of $11.62 and a 52-week high of $22.35. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -557.36 and a beta of 0.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68.

Hedge Funds Weigh In On Air Transport Services Group

A number of institutional investors have recently modified their holdings of the company. River Road Asset Management LLC boosted its holdings in shares of Air Transport Services Group by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock worth $116,085,000 after buying an additional 201,722 shares during the period. Dimensional Fund Advisors LP lifted its position in Air Transport Services Group by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,571,391 shares of the transportation company’s stock worth $78,500,000 after acquiring an additional 15,250 shares during the last quarter. American Century Companies Inc. lifted its position in Air Transport Services Group by 3.3% during the 4th quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company’s stock worth $50,201,000 after acquiring an additional 72,367 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in Air Transport Services Group during the fourth quarter valued at about $31,377,000. Finally, FIL Ltd acquired a new stake in shares of Air Transport Services Group in the fourth quarter valued at about $31,146,000. 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.