Air Transport Services Group (NASDAQ:ATSG) Reaches New 52-Week High - Still a Buy?

Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $22.44 and last traded at $22.44, with a volume of 174163 shares. The stock had previously closed at $22.34.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Air Transport Services Group in a research note on Saturday. They set a "hold" rating for the company. 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 currently has a consensus rating of "Hold" and an average price target of $20.60.

Air Transport Services Group Price Performance

The stock's fifty day moving average is $22.28 and its 200-day moving average is $20.47. 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 stock has a market capitalization of $1.48 billion, a P/E ratio of -560.98 and a beta of 0.79.

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

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Institutional Trading of Air Transport Services Group

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Air Transport Services Group by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,571,391 shares of the transportation company's stock worth $78,500,000 after acquiring an additional 15,250 shares during the last quarter. American Century Companies Inc. boosted its holdings in Air Transport Services Group by 3.3% in the 4th quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company's stock valued at $50,201,000 after purchasing an additional 72,367 shares during the period. Alpine Associates Management Inc. bought a new position in shares of Air Transport Services Group during the 4th quarter worth about $31,377,000. FIL Ltd acquired a new position in shares of Air Transport Services Group during the fourth quarter valued at about $31,146,000. Finally, TIG Advisors LLC bought a new stake in shares of Air Transport Services Group in the fourth quarter valued at about $29,290,000. 91.81% of the stock is owned by 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.