Air Transport Services Group (NASDAQ:ATSG) Coverage Initiated by Analysts at StockNews.com

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

Several other analysts also recently commented on the company. Stifel Nicolaus raised their price objective on Air Transport Services Group from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. Loop Capital reissued a "hold" rating and issued a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Finally, Truist Financial lifted their price target on 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.60.

Air Transport Services Group Stock Down 0.1 %

Air Transport Services Group stock traded down $0.03 during mid-day trading on Friday, hitting $21.96. 454,170 shares of the company's stock were exchanged, compared to its average volume of 648,050. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.27. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The company's 50 day simple moving average is $18.28 and its 200-day simple moving average is $15.84.

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

Hedge Funds Weigh In On Air Transport Services Group

Several hedge funds have recently modified their holdings of ATSG. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Air Transport Services Group by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company's stock valued at $41,120,000 after acquiring an additional 380,958 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Air Transport Services Group by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company's stock valued at $25,855,000 after acquiring an additional 239,919 shares in the last quarter. Anchor Capital Management Company LLC grew its holdings in shares of Air Transport Services Group by 26.4% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company's stock valued at $15,534,000 after acquiring an additional 233,789 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Air Transport Services Group in the 3rd quarter valued at about $3,411,000. Finally, River Road Asset Management LLC grew 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 valued at $116,085,000 after acquiring an additional 201,722 shares in the last quarter. 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.