Investment analysts at StockNews.com assumed coverage on shares of Air Transport Services Group (NASDAQ:ATSG - Get Free Report) in a research note issued on Saturday. The firm set a "hold" rating on the transportation company's stock.
Air Transport Services Group Stock Performance
Air Transport Services Group stock remained flat at $22.44 on Friday. The company's stock had a trading volume of 680,641 shares, compared to its average volume of 769,153. The company's fifty day moving average is $22.30 and its two-hundred day moving average is $20.63. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The stock has a market capitalization of $1.48 billion, a P/E ratio of -560.86 and a beta of 0.88. Air Transport Services Group has a one year low of $11.69 and a one year high of $22.46.
Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last posted its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share for the quarter, beating 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 firm 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 earnings per share for the current year.
Hedge Funds Weigh In On Air Transport Services Group
Hedge funds have recently added to or reduced their stakes in 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 valued at $78,500,000 after purchasing an additional 15,250 shares during the period. American Century Companies Inc. lifted its holdings in Air Transport Services Group by 3.3% in the fourth quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company's stock valued at $50,201,000 after buying an additional 72,367 shares during the period. Alpine Associates Management Inc. bought a new position in Air Transport Services Group in the fourth quarter valued at approximately $31,377,000. FIL Ltd acquired a new stake in Air Transport Services Group during the 4th quarter worth $31,146,000. Finally, TIG Advisors LLC bought a new stake in shares of Air Transport Services Group during the 4th quarter valued at $29,290,000. Institutional investors own 91.81% of the company's stock.
About Air Transport Services Group
(
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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.
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