StockNews.com Begins Coverage on Air Transport Services Group (NASDAQ:ATSG)

StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG - Get Free Report) in a research note issued on Tuesday. The brokerage set a "hold" rating on the transportation company's stock.

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

Air Transport Services Group Stock Performance

Shares of NASDAQ ATSG traded down $0.01 during midday trading on Tuesday, reaching $22.33. The company's stock had a trading volume of 616,605 shares, compared to its average volume of 944,951. The stock has a market capitalization of $1.47 billion, a P/E ratio of -558.11 and a beta of 0.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The firm has a 50 day moving average price of $22.15 and a 200-day moving average price of $19.48. Air Transport Services Group has a 12-month low of $11.62 and a 12-month high of $22.38.

Hedge Funds Weigh In On Air Transport Services Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of Air Transport Services Group by 247.7% during the 3rd quarter. Barclays PLC now owns 72,934 shares of the transportation company's stock valued at $1,180,000 after buying an additional 51,955 shares in the last quarter. Empowered Funds LLC lifted its position 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 worth $4,702,000 after acquiring an additional 29,104 shares in the last quarter. FMR LLC boosted its holdings in shares of Air Transport Services Group by 74.9% in the third quarter. FMR LLC now owns 213,730 shares of the transportation company's stock worth $3,460,000 after acquiring an additional 91,521 shares during the period. Systematic Financial Management LP purchased a new position in shares of Air Transport Services Group in the third quarter valued at $396,000. Finally, Phocas Financial Corp. raised its stake in shares of Air Transport Services Group by 49.4% during the 3rd quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company's stock valued at $3,611,000 after purchasing an additional 73,752 shares during the period. Institutional investors own 91.81% of the company's stock.

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.