Air Transport Services Group (NASDAQ:ATSG) Sets New 1-Year High - Should You Buy?

Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $22.35 and last traded at $22.33, with a volume of 1168546 shares trading hands. The stock had previously closed at $22.30.

Analyst Ratings Changes

A number of research firms have recently weighed in on ATSG. StockNews.com initiated coverage on shares of Air Transport Services Group in a research report on Tuesday. They set a "hold" rating for the company. Loop Capital reissued a "hold" rating and set a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Finally, Truist Financial increased their price target on Air Transport Services Group from $15.00 to $22.50 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $20.60.

Air Transport Services Group Stock Down 0.0 %

The stock has a fifty day moving average price of $22.15 and a 200 day moving average price of $19.52. 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 $1.47 billion, a P/E ratio of -558.11 and a beta of 0.84.

Hedge Funds Weigh In On Air Transport Services Group

Large investors have recently modified their holdings of the company. Rhumbline Advisers boosted its holdings 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 valued at $1,838,000 after purchasing an additional 686 shares during the period. Cetera Trust Company N.A boosted its holdings in Air Transport Services Group by 6.6% in the 4th quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company's stock valued at $256,000 after purchasing an additional 725 shares during the period. 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 worth $640,000 after buying an additional 982 shares in the last quarter. AlphaQuest LLC grew its position in Air Transport Services Group by 89.8% during the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company's stock worth $58,000 after buying an additional 1,246 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in Air Transport Services Group by 797.3% in the 4th 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 last quarter. 91.81% of the stock is currently owned by 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.