Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $22.04 and last traded at $22.04, with a volume of 510753 shares. The stock had previously closed at $17.40.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on ATSG shares. Stifel Nicolaus raised their price objective on Air Transport Services Group from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. Truist Financial raised their price objective on Air Transport Services Group from $14.00 to $15.00 and gave the stock a "hold" rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $18.25.
Get Our Latest Stock Report on Air Transport Services Group
Air Transport Services Group Stock Performance
The firm has a 50-day moving average of $16.00 and a two-hundred day moving average of $14.78. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $1.45 billion, a PE ratio of 88.00 and a beta of 0.81.
Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The transportation company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $488.41 million during the quarter, compared to analysts' expectations of $513.67 million. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. Air Transport Services Group's quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. Research analysts anticipate that Air Transport Services Group, Inc. will post 0.84 EPS for the current year.
Institutional Trading of Air Transport Services Group
A number of institutional investors and hedge funds have recently made changes to their positions in ATSG. PAX Financial Group LLC acquired a new stake in shares of Air Transport Services Group in the first quarter worth approximately $668,000. Marshall Wace LLP boosted its stake in shares of Air Transport Services Group by 300.8% in the second quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company's stock worth $3,515,000 after acquiring an additional 190,202 shares during the last quarter. Anchor Capital Management Company LLC boosted its stake in shares of Air Transport Services Group by 26.4% in the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company's stock worth $15,534,000 after acquiring an additional 233,789 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Air Transport Services Group by 82.3% in the first quarter. First Eagle Investment Management LLC now owns 487,930 shares of the transportation company's stock worth $6,714,000 after acquiring an additional 220,300 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Air Transport Services Group by 14.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company's stock worth $41,120,000 after acquiring an additional 380,958 shares during the last quarter. 91.81% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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