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 report published on Saturday. The brokerage issued a hold rating on the transportation company’s stock.

Air Transport Services Group Stock Performance

Air Transport Services Group stock opened at $22.44 on Friday. The company’s 50-day moving average price is $22.29 and its 200-day moving average price is $20.56. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. Air Transport Services Group has a twelve month low of $11.69 and a twelve month high of $22.46. The company has a market cap of $1.48 billion, a PE ratio of -560.86 and a beta of 0.79.

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

Institutional Trading of Air Transport Services Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Intech Investment Management LLC bought a new position in Air Transport Services Group in the 3rd quarter worth about $197,000. FMR LLC boosted 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 acquiring an additional 91,521 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Air Transport Services Group during the 3rd quarter worth $3,411,000. Systematic Financial Management LP purchased a new stake in Air Transport Services Group in the third quarter valued at about $396,000. Finally, State Street Corp boosted its holdings in Air Transport Services Group by 1.1% in the third quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock worth $20,378,000 after acquiring an additional 13,880 shares in the last quarter. 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.