Air Transport Services Group (NASDAQ:ATSG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSG - Free Report) in a report released on Monday. The brokerage issued a hold rating on the transportation company's stock.

Air Transport Services Group Stock Performance

NASDAQ:ATSG remained flat at $22.48 during trading hours on Monday. 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 fifty-two week low of $11.69 and a fifty-two week high of $22.49. The firm's 50 day simple moving average is $22.34 and its 200 day simple moving average is $21.11. The company has a market capitalization of $1.48 billion, a PE ratio of -561.86 and a beta of 0.89.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last released its earnings results 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 business had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $521.36 million. On average, sell-side analysts expect that Air Transport Services Group will post 0.83 earnings per share for the current year.

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Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers lifted its holdings in Air Transport Services Group by 0.8% during 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 last quarter. Cetera Trust Company N.A boosted its holdings in shares of 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 worth $256,000 after acquiring an additional 725 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 purchasing an additional 982 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of Air Transport Services Group by 89.8% in the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company's stock valued at $58,000 after buying an additional 1,246 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in Air Transport Services Group by 797.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company's stock worth $36,000 after buying an additional 1,459 shares in the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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.