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

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

Air Transport Services Group Stock Up 0.0 %

Shares of Air Transport Services Group stock traded up $0.01 on Friday, reaching $22.34. 529,245 shares of the company were exchanged, compared to its average volume of 743,046. The stock's 50 day moving average price is $22.25 and its 200-day moving average price is $20.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. Air Transport Services Group has a 1-year low of $11.69 and a 1-year high of $22.38. The company has a market cap of $1.47 billion, a P/E ratio of -558.36 and a beta of 0.79.

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

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Institutional Trading of Air Transport Services Group

A number of institutional investors have recently bought and sold shares of the business. CIBRA Capital Ltd acquired a new stake in shares of Air Transport Services Group during the 4th quarter worth about $7,383,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Air Transport Services Group during the fourth quarter worth about $989,000. Pullen Investment Management LLC increased its position in shares of Air Transport Services Group by 45.4% during the fourth quarter. Pullen Investment Management LLC now owns 31,205 shares of the transportation company's stock worth $686,000 after purchasing an additional 9,747 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Air Transport Services Group by 2,912.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 94,159 shares of the transportation company's stock valued at $2,070,000 after purchasing an additional 91,033 shares during the last quarter. Finally, BCK Capital Management LP acquired a new stake in shares of Air Transport Services Group in the fourth quarter valued at approximately $692,000. 91.81% of the stock is 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.