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

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

Air Transport Services Group Price Performance

Shares of ATSG traded up $0.01 during midday trading on Thursday, reaching $22.33. The stock had a trading volume of 434,017 shares, compared to its average volume of 738,754. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.38. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The firm's 50 day moving average price is $22.22 and its 200-day moving average price is $20.01. The company has a market capitalization of $1.47 billion, a P/E ratio of -558.11 and a beta of 0.79.

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

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Institutional Investors Weigh In On Air Transport Services Group

A number of institutional investors and hedge funds have recently modified their holdings of ATSG. Independence Bank of Kentucky acquired a new stake in shares of Air Transport Services Group during the fourth quarter worth $33,000. Sterling Capital Management LLC raised its position in shares of Air Transport Services Group by 797.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company's stock worth $36,000 after purchasing an additional 1,459 shares during the period. AlphaQuest LLC grew its holdings in shares of Air Transport Services Group by 89.8% during 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. Covestor Ltd grew its holdings 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 buying an additional 1,834 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Air Transport Services Group during the fourth quarter valued at $99,000. 91.81% of the stock is owned by institutional investors and hedge funds.

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.