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

StockNews.com started coverage on shares of Air Transport Services Group (NASDAQ:ATSG - Free Report) in a research report sent to investors on Wednesday. The firm issued a hold rating on the transportation company's stock.

ATSG has been the topic of a number of other research reports. Loop Capital reiterated a "hold" rating and issued a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Truist Financial upped their target price on Air Transport Services Group from $15.00 to $22.50 and gave the company a "hold" rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $20.60.

Air Transport Services Group Stock Performance

NASDAQ:ATSG remained flat at $22.29 on Wednesday. The company's stock had a trading volume of 939,758 shares, compared to its average volume of 956,597. Air Transport Services Group has a 12-month low of $11.62 and a 12-month high of $22.38. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -557.11 and a beta of 0.84. The firm has a 50 day moving average of $22.17 and a two-hundred day moving average of $19.68. 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 (NASDAQ:ATSG - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $521.36 million. As a group, sell-side analysts anticipate that Air Transport Services Group will post 0.83 EPS for the current year.

Institutional Trading of Air Transport Services Group

Institutional investors have recently bought and sold shares of the business. Independence Bank of Kentucky acquired a new stake in shares of Air Transport Services Group in the fourth quarter valued at approximately $33,000. Sterling Capital Management LLC raised its holdings 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 valued at $36,000 after acquiring an additional 1,459 shares in the last quarter. AlphaQuest LLC raised its holdings in Air Transport Services Group by 89.8% in the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company's stock valued at $58,000 after acquiring an additional 1,246 shares in the last quarter. Covestor Ltd lifted its position in shares of Air Transport Services Group by 96.8% during the 4th quarter. Covestor Ltd now owns 3,729 shares of the transportation company's stock valued at $82,000 after acquiring an additional 1,834 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Air Transport Services Group during the 4th quarter worth $99,000. Institutional investors own 91.81% of the company's stock.

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.