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

StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSG - Free Report) in a research note published on Sunday morning. The brokerage issued a hold rating on the transportation company's stock.

ATSG has been the subject of a number of other research reports. 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 report on Tuesday, November 5th. Truist Financial upped their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $20.60.

Air Transport Services Group Stock Performance

ATSG stock traded up $0.03 during trading on Friday, reaching $22.28. 703,106 shares of the company's stock were exchanged, compared to its average volume of 1,002,186. Air Transport Services Group has a 1-year low of $11.62 and a 1-year high of $22.33. The firm has a market cap of $1.47 billion, a PE ratio of -556.86 and a beta of 0.84. The company's fifty day moving average price is $22.07 and its 200-day moving average price is $18.93. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

Institutional Investors Weigh In On Air Transport Services Group

Institutional investors and hedge funds have recently bought and sold shares of the business. River Road Asset Management LLC raised its holdings in shares of Air Transport Services Group by 2.9% in the 3rd 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 in the last quarter. American Century Companies Inc. grew its position in Air Transport Services Group by 3.3% in the fourth quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company's stock worth $50,201,000 after buying an additional 72,367 shares during the last quarter. Alpine Associates Management Inc. bought a new position in shares of Air Transport Services Group in the fourth quarter valued at $31,377,000. State Street Corp increased its holdings in shares of 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 valued at $20,378,000 after buying an additional 13,880 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in shares of Air Transport Services Group during the 4th quarter valued at $10,990,000. 91.81% of the stock is owned by institutional investors and hedge funds.

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.