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

Investment analysts at StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG - Get Free Report) in a report issued on Monday. The brokerage set a "hold" rating on the transportation company's stock.

Several other equities research analysts also recently weighed in on ATSG. Truist Financial raised their price target on Air Transport Services Group from $15.00 to $22.50 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Loop Capital reissued a "hold" rating and set 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Air Transport Services Group has an average rating of "Hold" and a consensus target price of $20.60.

Air Transport Services Group Stock Down 0.1 %

Shares of ATSG traded down $0.02 during midday trading on Monday, hitting $22.30. 549,295 shares of the company's stock traded hands, compared to its average volume of 1,000,276. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -557.36 and a beta of 0.84. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.34. The firm's fifty day moving average is $22.10 and its 200-day moving average is $19.17.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ATSG. Rhumbline Advisers boosted its position in Air Transport Services Group by 0.8% in the 4th quarter. Rhumbline Advisers now owns 83,623 shares of the transportation company's stock worth $1,838,000 after purchasing an additional 686 shares in the last quarter. Cetera Trust Company N.A boosted its holdings in Air Transport Services Group by 6.6% during the fourth quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company's stock worth $256,000 after buying an additional 725 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Air Transport Services Group by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,127 shares of the transportation company's stock valued at $640,000 after buying an additional 982 shares during the period. AlphaQuest LLC increased its holdings 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 buying an additional 1,246 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of 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 worth $36,000 after acquiring an additional 1,459 shares during the period. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Air Transport Services Group Company Profile

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.