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 report released on Sunday. The brokerage issued a hold rating on the transportation company’s stock.

A number of other analysts also recently issued reports on the stock. Truist Financial raised their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 5th. Loop Capital restated a “hold” rating and issued a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a report 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. According to data from MarketBeat, Air Transport Services Group currently has an average rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Trading Down 0.4 %

NASDAQ ATSG opened at $21.90 on Friday. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $22.33. The stock’s fifty day moving average price is $19.87 and its 200-day moving average price is $16.55. The stock has a market cap of $1.44 billion, a P/E ratio of -547.50 and a beta of 0.85. 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 issued its earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The firm had revenue of $471.00 million during the quarter, compared to the consensus estimate of $507.46 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The company’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 EPS. As a group, equities analysts forecast that Air Transport Services Group will post 0.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its stake in Air Transport Services Group by 11.1% during the 3rd quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock worth $4,702,000 after acquiring an additional 29,104 shares during the period. Marshall Wace LLP boosted its stake in shares of Air Transport Services Group by 300.8% in the second quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company’s stock worth $3,515,000 after acquiring an additional 190,202 shares during the period. Anchor Capital Management Company LLC grew its position in shares of Air Transport Services Group by 26.4% during the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock worth $15,534,000 after purchasing an additional 233,789 shares in the last quarter. Systematic Financial Management LP purchased a new position in Air Transport Services Group in the 3rd quarter worth approximately $396,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Air Transport Services Group by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock worth $41,120,000 after purchasing an additional 380,958 shares during the period. 91.81% of the stock is owned by hedge funds and other institutional investors.

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.