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

StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research note issued to investors on Monday. The firm issued a hold rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on ATSG. Loop Capital reaffirmed a “hold” rating and set a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Truist Financial boosted their price target on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Four investment 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 stock presently has an average rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Trading Down 0.0 %

Shares of ATSG stock opened at $22.32 on Monday. Air Transport Services Group has a 52-week low of $11.62 and a 52-week high of $22.34. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -557.86 and a beta of 0.84. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The firm has a fifty day moving average of $22.10 and a 200-day moving average of $19.17.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its stake in shares of Air Transport Services Group by 2,912.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 94,159 shares of the transportation company’s stock valued at $2,070,000 after purchasing an additional 91,033 shares during the last quarter. BCK Capital Management LP bought a new position in Air Transport Services Group in the fourth quarter valued at approximately $692,000. Squarepoint Ops LLC bought a new position in Air Transport Services Group in the fourth quarter valued at approximately $17,922,000. Two Sigma Investments LP boosted its position in shares of Air Transport Services Group by 65.8% in the 4th quarter. Two Sigma Investments LP now owns 254,703 shares of the transportation company’s stock worth $5,598,000 after purchasing an additional 101,073 shares during the last quarter. Finally, Sagefield Capital LP bought a new position in shares of Air Transport Services Group in the 4th quarter worth $3,293,000. 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.