Air Transport Services Group (NASDAQ:ATSG) Hits New 1-Year High – Should You Buy?

Air Transport Services Group, Inc. (NASDAQ:ATSG) shares hit a new 52-week high on Thursday . The stock traded as high as $22.44 and last traded at $22.44, with a volume of 174163 shares changing hands. The stock had previously closed at $22.34.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Air Transport Services Group in a research report on Friday, March 21st. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Air Transport Services Group has a consensus rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Stock Up 0.4 %

The company’s fifty day simple moving average is $22.26 and its 200 day simple moving average is $20.35. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1.48 billion, a P/E ratio of -560.73 and a beta of 0.79.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $521.36 million. Research analysts expect that Air Transport Services Group, Inc. will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Air Transport Services Group

A number of institutional investors have recently added to or reduced their stakes in ATSG. Rhumbline Advisers boosted its holdings in shares of Air Transport Services Group by 0.8% during the 4th quarter. Rhumbline Advisers now owns 83,623 shares of the transportation company’s stock valued at $1,838,000 after buying an additional 686 shares in the last quarter. Cetera Trust Company N.A grew its stake in shares of 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 worth $256,000 after acquiring 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 buying an additional 982 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of Air Transport Services Group by 89.8% in the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock worth $58,000 after buying an additional 1,246 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Air Transport Services Group by 797.3% during the fourth 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 during the last quarter. 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.