Air Transport Services Group (NASDAQ:ATSG) Hits New 1-Year High – Here’s Why

Air Transport Services Group, Inc. (NASDAQ:ATSG) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $22.40 and last traded at $22.30, with a volume of 3656 shares traded. The stock had previously closed at $22.28.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their target price 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 price target (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Finally, StockNews.com assumed coverage on Air Transport Services Group in a report on Friday, January 24th. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Air Transport Services Group currently has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Down 0.0 %

The company has a market cap of $1.46 billion, a P/E ratio of -556.74 and a beta of 0.85. 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 stock has a 50-day moving average of $22.02 and a 200 day moving average of $18.47.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly 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). Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The company had revenue of $471.00 million for the quarter, compared to analyst estimates of $507.46 million. During the same quarter last year, the company posted $0.32 earnings per share. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. Research analysts anticipate that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On Air Transport Services Group

A number of institutional investors have recently made changes to their positions in the stock. Entropy Technologies LP bought a new position in shares of Air Transport Services Group during the 4th quarter worth about $286,000. Independence Bank of Kentucky acquired a new stake in Air Transport Services Group in the 4th quarter valued at $33,000. SG Americas Securities LLC increased its stake in Air Transport Services Group by 27.1% during the 4th quarter. SG Americas Securities LLC now owns 16,863 shares of the transportation company’s stock valued at $371,000 after purchasing an additional 3,597 shares in the last quarter. Cetera Trust Company N.A raised its holdings 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 buying an additional 725 shares during the last quarter. Finally, Oliver Luxxe Assets LLC grew its holdings in shares of Air Transport Services Group by 4.1% during the fourth quarter. Oliver Luxxe Assets LLC now owns 121,965 shares of the transportation company’s stock valued at $2,681,000 after buying an additional 4,849 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

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.