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

Investment analysts at StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSG - Get Free Report) in a research report issued to clients and investors on Sunday. The firm set a "hold" rating on the transportation company's stock.

Air Transport Services Group Price Performance

Shares of Air Transport Services Group stock traded down $0.01 during trading on Friday, hitting $22.48. 4,657,877 shares of the stock traded hands, compared to its average volume of 858,387. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89. 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 52 week low of $11.69 and a 52 week high of $22.49. The firm's fifty day moving average is $22.33 and its 200-day moving average is $20.97.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last issued its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. The business had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. Research analysts expect that Air Transport Services Group will post 0.83 EPS for the current fiscal year.

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Institutional Trading of Air Transport Services Group

Several institutional investors have recently added to or reduced their stakes in ATSG. Independence Bank of Kentucky bought a new stake in shares of Air Transport Services Group in the 4th quarter valued at about $33,000. Sterling Capital Management LLC lifted its position in 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 valued at $36,000 after purchasing an additional 1,459 shares during the last quarter. AlphaQuest LLC lifted its position in Air Transport Services Group by 89.8% in the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company's stock valued at $58,000 after purchasing an additional 1,246 shares during the last quarter. Covestor Ltd boosted its stake in shares of Air Transport Services Group by 96.8% during the fourth quarter. Covestor Ltd now owns 3,729 shares of the transportation company's stock valued at $82,000 after purchasing an additional 1,834 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Air Transport Services Group by 2,143.9% in the first quarter. GAMMA Investing LLC now owns 3,680 shares of the transportation company's stock worth $83,000 after purchasing an additional 3,516 shares during the last quarter. 91.81% of the stock is currently owned by hedge funds and other 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.