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

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

Other analysts have also issued research reports about the company. Loop Capital reissued 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. Truist Financial upped their target price on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Stock Performance

NASDAQ:ATSG opened at $22.33 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The firm’s fifty day simple moving average is $22.08 and its 200-day simple moving average is $19.09. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.34. The stock has a market cap of $1.47 billion, a PE ratio of -558.11 and a beta of 0.84.

Institutional Trading of Air Transport Services Group

A number of hedge funds have recently bought and sold shares of ATSG. Rhumbline Advisers increased its stake 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 acquiring an additional 686 shares during the last quarter. Cetera Trust Company N.A raised its stake in Air Transport Services Group by 6.6% during the fourth quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock worth $256,000 after purchasing an additional 725 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Air Transport Services Group by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,127 shares of the transportation company’s stock worth $640,000 after purchasing an additional 982 shares during the period. AlphaQuest LLC grew its stake in shares of Air Transport Services Group by 89.8% during the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after buying an additional 1,246 shares during the period. Finally, Sterling Capital Management LLC increased its holdings in shares of Air Transport Services Group by 797.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company’s stock worth $36,000 after buying an additional 1,459 shares during the last quarter. 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.