StockNews.com Begins Coverage on Air Transport Services Group (NASDAQ:ATSG)

StockNews.com started coverage on shares of Air Transport Services Group (NASDAQ:ATSG - Free Report) in a report published on Saturday. The firm issued a hold rating on the transportation company's stock.

Other equities analysts also recently issued research reports about the stock. Loop Capital reiterated a "hold" rating and issued a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Truist Financial lifted their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a "hold" rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $20.60.

Air Transport Services Group Stock Performance

Air Transport Services Group stock traded up $0.05 during trading on Friday, hitting $22.25. The stock had a trading volume of 979,919 shares, compared to its average volume of 964,442. The stock's 50 day moving average is $22.04 and its two-hundred day moving average is $18.68. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.33. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -556.11 and a beta of 0.84. 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 (NASDAQ:ATSG - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The firm had revenue of $471.00 million for the quarter, compared to analysts' expectations of $507.46 million. During the same period in the prior year, the company earned $0.32 EPS. The firm's quarterly revenue was down 10.0% on a year-over-year basis. As a group, analysts predict that Air Transport Services Group will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Air Transport Services Group

Several hedge funds have recently bought and sold shares of ATSG. Independence Bank of Kentucky bought a new position in Air Transport Services Group in the 4th quarter valued at $33,000. Blue Trust Inc. raised its position in shares of Air Transport Services Group by 1,320.1% in the third quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company's stock worth $79,000 after buying an additional 4,528 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Air Transport Services Group by 106.0% during the third quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company's stock valued at $109,000 after buying an additional 3,471 shares during the period. Peoples Bank OH purchased a new position in Air Transport Services Group during the fourth quarter worth about $216,000. Finally, Cetera Trust Company N.A increased its stake in Air Transport Services Group by 14.2% in the 3rd quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company's stock worth $177,000 after acquiring an additional 1,355 shares during the last quarter. Hedge funds and other institutional investors 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.