Air Transport Services Group (NASDAQ:ATSG) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research note issued on Thursday. The firm set a “hold” rating on the transportation company’s stock.

Air Transport Services Group Price Performance

Shares of ATSG stock opened at $22.33 on Thursday. 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 company has a market capitalization of $1.47 billion, a P/E ratio of -558.11 and a beta of 0.79. The company’s 50-day simple moving average is $22.22 and its two-hundred day simple moving average is $19.95. Air Transport Services Group has a one year low of $11.62 and a one year high of $22.38.

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

Hedge Funds Weigh In On Air Transport Services Group

A number of hedge funds and other institutional investors have recently modified their holdings of ATSG. Independence Bank of Kentucky bought a new position in shares of Air Transport Services Group during the fourth quarter valued at approximately $33,000. Sterling Capital Management LLC boosted its stake in shares of Air Transport Services Group by 797.3% during 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 boosted its stake in shares of Air Transport Services Group by 89.8% during the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 1,246 shares in the last quarter. Covestor Ltd boosted its stake in shares of Air Transport Services Group by 96.8% during the fourth 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. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Air Transport Services Group during the fourth quarter valued at approximately $99,000. 91.81% of the stock is currently owned by 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.