Air Transport Services Group (NASDAQ:ATSG) Coverage Initiated by Analysts at StockNews.com

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

Air Transport Services Group Stock Performance

Shares of ATSG stock opened at $22.48 on Monday. 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 has a 12 month low of $11.69 and a 12 month high of $22.49. The firm has a market capitalization of $1.48 billion, a PE ratio of -561.86 and a beta of 0.89. The firm has a fifty day simple moving average of $22.34 and a two-hundred day simple moving average of $21.11.

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

Hedge Funds Weigh In On Air Transport Services Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Independence Bank of Kentucky purchased a new position in shares of Air Transport Services Group during the 4th quarter valued at $33,000. Sterling Capital Management LLC grew its position in shares of Air Transport Services Group by 797.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 1,459 shares in the last quarter. AlphaQuest LLC lifted its holdings 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. GAMMA Investing LLC lifted its stake in Air Transport Services Group by 2,143.9% in the 1st quarter. GAMMA Investing LLC now owns 3,680 shares of the transportation company’s stock worth $83,000 after purchasing an additional 3,516 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Air Transport Services Group by 96.8% during the 4th quarter. Covestor Ltd now owns 3,729 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 1,834 shares in the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

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.