Air Transport Services Group (NASDAQ:ATSG) Reaches New 1-Year High - Time to Buy?

Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $22.34 and last traded at $22.33, with a volume of 2723436 shares trading hands. The stock had previously closed at $22.24.

Analyst Upgrades and Downgrades

ATSG has been the subject of several research analyst reports. Loop Capital reaffirmed a "hold" rating and set 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 boosted their price objective on shares of 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. Finally, StockNews.com started coverage on shares of Air Transport Services Group in a research note on Monday. They issued a "hold" rating for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $20.60.

Air Transport Services Group Stock Performance

The business has a 50-day moving average price of $22.10 and a 200-day moving average price of $19.19. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -557.36 and a beta of 0.84. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

Hedge Funds Weigh In On Air Transport Services Group

Large investors have recently made changes to their positions in the business. Barclays PLC increased its position in shares of Air Transport Services Group by 247.7% during the third quarter. Barclays PLC now owns 72,934 shares of the transportation company's stock worth $1,180,000 after purchasing an additional 51,955 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Air Transport Services Group by 11.1% during the third quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company's stock valued at $4,702,000 after buying an additional 29,104 shares during the last quarter. FMR LLC grew its holdings in shares of Air Transport Services Group by 74.9% during the third quarter. FMR LLC now owns 213,730 shares of the transportation company's stock valued at $3,460,000 after buying an additional 91,521 shares during the last quarter. Systematic Financial Management LP purchased a new stake in shares of Air Transport Services Group during the third quarter valued at $396,000. Finally, Phocas Financial Corp. grew its holdings in shares of Air Transport Services Group by 49.4% during the third quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company's stock valued at $3,611,000 after buying an additional 73,752 shares during the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

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.