Air Transport Services Group (NASDAQ:ATSG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a report published on Friday morning. The firm issued a hold rating on the transportation company’s stock.

Air Transport Services Group Price Performance

Shares of NASDAQ ATSG opened at $22.33 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. The business has a 50-day moving average of $22.25 and a 200-day moving average of $20.25. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -558.11 and a beta of 0.79. Air Transport Services Group has a fifty-two week low of $11.69 and a fifty-two week high of $22.38.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $521.36 million. As a group, sell-side analysts predict that Air Transport Services Group will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of Air Transport Services Group

A number of large investors have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Air Transport Services Group by 247.7% in the 3rd quarter. Barclays PLC now owns 72,934 shares of the transportation company’s stock valued at $1,180,000 after purchasing an additional 51,955 shares during the period. FMR LLC raised its stake in Air Transport Services Group by 74.9% in the third quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock valued at $3,460,000 after buying an additional 91,521 shares during the period. Systematic Financial Management LP bought a new stake in Air Transport Services Group in the third quarter valued at approximately $396,000. Dean Investment Associates LLC boosted its stake in shares of Air Transport Services Group by 39.8% during the 3rd quarter. Dean Investment Associates LLC now owns 173,559 shares of the transportation company’s stock worth $2,810,000 after acquiring an additional 49,437 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Air Transport Services Group during the 3rd quarter worth approximately $3,411,000. Institutional investors and hedge funds 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.