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

Equities research analysts at StockNews.com started coverage on shares of Air Transport Services Group (NASDAQ:ATSG - Get Free Report) in a report released on Tuesday. The firm set a "hold" rating on the transportation company's stock.

A number of other equities analysts have also commented on ATSG. Loop Capital reaffirmed a "hold" rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Truist Financial upped their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the stock a "hold" rating in a research report 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.60.

Air Transport Services Group Trading Up 0.0 %

Shares of NASDAQ ATSG traded up $0.01 during midday trading on Tuesday, reaching $21.98. 821,277 shares of the stock were exchanged, compared to its average volume of 716,445. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $22.33. The business has a 50-day simple moving average of $21.18 and a two-hundred day simple moving average of $17.25. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -549.36 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.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last released its earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The business had revenue of $471.00 million during the quarter, compared to the consensus estimate of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The firm's revenue for the quarter was down 10.0% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS. As a group, equities research analysts expect that Air Transport Services Group will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Air Transport Services Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Air Transport Services Group by 14.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company's stock worth $41,120,000 after purchasing an additional 380,958 shares during the last quarter. American Century Companies Inc. grew its holdings in Air Transport Services Group by 14.8% during the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company's stock worth $25,855,000 after acquiring an additional 239,919 shares during the last quarter. Anchor Capital Management Company LLC grew its holdings in Air Transport Services Group by 26.4% during the 2nd quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company's stock worth $15,534,000 after acquiring an additional 233,789 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Air Transport Services Group during the third quarter valued at $3,411,000. Finally, River Road Asset Management LLC lifted its holdings in shares of Air Transport Services Group by 2.9% during the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company's stock worth $116,085,000 after purchasing an additional 201,722 shares during the period. 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.