Air Transport Services Group, Inc. (NASDAQ:ATSG) Given Consensus Rating of “Hold” by Analysts

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) have been given a consensus rating of “Hold” by the five ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $20.60.

Separately, StockNews.com began coverage on Air Transport Services Group in a research note on Wednesday, March 5th. They set a “hold” rating on the stock.

Institutional Trading of Air Transport Services Group

Several institutional investors and hedge funds have recently modified their holdings of ATSG. Barclays PLC increased its position in shares of Air Transport Services Group by 247.7% in the third quarter. Barclays PLC now owns 72,934 shares of the transportation company’s stock worth $1,180,000 after purchasing an additional 51,955 shares during the last quarter. Empowered Funds LLC grew its stake in Air Transport Services Group by 11.1% in the 3rd quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock worth $4,702,000 after buying an additional 29,104 shares in the last quarter. FMR LLC increased its holdings in shares of Air Transport Services Group by 74.9% in the 3rd quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock worth $3,460,000 after buying an additional 91,521 shares during the last quarter. Systematic Financial Management LP purchased a new stake in shares of Air Transport Services Group during the 3rd quarter valued at $396,000. Finally, Phocas Financial Corp. lifted its holdings in shares of Air Transport Services Group by 49.4% during the 3rd quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company’s stock worth $3,611,000 after acquiring an additional 73,752 shares during the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Price Performance

NASDAQ ATSG opened at $22.29 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The company has a market cap of $1.47 billion, a PE ratio of -557.11 and a beta of 0.79. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.38. The firm’s 50-day simple moving average is $22.19 and its two-hundred day simple moving average is $19.80.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly 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 company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $521.36 million. Research analysts predict that Air Transport Services Group will post 0.83 earnings per share for the current year.

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.