StockNews.com Begins Coverage on Air Transport Services Group (NASDAQ:ATSG)

Analysts at StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a report issued on Sunday. The brokerage set a “hold” rating on the transportation company’s stock.

Air Transport Services Group Stock Down 0.4 %

Air Transport Services Group stock opened at $22.32 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. Air Transport Services Group has a fifty-two week low of $11.69 and a fifty-two week high of $22.47. The firm has a fifty day moving average price of $22.31 and a two-hundred day moving average price of $20.80. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -557.86 and a beta of 0.89.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $521.36 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. As a group, analysts forecast that Air Transport Services Group will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On Air Transport Services Group

A number of institutional investors and hedge funds have recently bought and sold shares of ATSG. FMR LLC boosted its holdings in Air Transport Services Group by 74.9% in the 3rd quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock valued at $3,460,000 after purchasing an additional 91,521 shares during the period. State Street Corp lifted its stake in shares of Air Transport Services Group by 1.1% in the third quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock valued at $20,378,000 after buying an additional 13,880 shares during the period. Castleark Management LLC acquired a new stake in Air Transport Services Group during the third quarter worth about $2,826,000. XTX Topco Ltd acquired a new stake in Air Transport Services Group during the third quarter worth about $269,000. Finally, Dean Investment Associates LLC increased its stake in Air Transport Services Group by 39.8% during the third quarter. Dean Investment Associates LLC now owns 173,559 shares of the transportation company’s stock valued at $2,810,000 after acquiring an additional 49,437 shares during the period. 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.