Air Transport Services Group, Inc. (NASDAQ:ATSG) Given Consensus Recommendation of "Hold" by Analysts

Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report) has been given a consensus recommendation of "Hold" by the five research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $20.60.

Separately, StockNews.com initiated coverage on shares of Air Transport Services Group in a report on Sunday. They set a "hold" rating on the stock.

Air Transport Services Group Stock Up 0.5 %

Shares of ATSG stock traded up $0.11 during mid-day trading on Friday, hitting $22.43. The stock had a trading volume of 797,543 shares, compared to its average volume of 814,345. Air Transport Services Group has a 12-month low of $11.69 and a 12-month high of $22.47. 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 firm's 50-day moving average is $22.31 and its two-hundred day moving average is $20.80. The firm has a market capitalization of $1.48 billion, a P/E ratio of -560.48 and a beta of 0.89.

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Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last released its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share 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 company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $521.36 million. On average, analysts predict that Air Transport Services Group will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Independence Bank of Kentucky acquired a new stake in Air Transport Services Group in the 4th quarter worth approximately $33,000. Sterling Capital Management LLC raised its stake in shares of Air Transport Services Group by 797.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company's stock worth $36,000 after purchasing an additional 1,459 shares during the last quarter. AlphaQuest LLC lifted its holdings 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 worth $58,000 after purchasing an additional 1,246 shares during the period. Covestor Ltd boosted its position in Air Transport Services Group by 96.8% in the fourth quarter. Covestor Ltd now owns 3,729 shares of the transportation company's stock valued at $82,000 after buying an additional 1,834 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Air Transport Services Group by 2,143.9% in the 1st quarter. GAMMA Investing LLC now owns 3,680 shares of the transportation company's stock worth $83,000 after buying an additional 3,516 shares during the period. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

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.