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

Equities research analysts at StockNews.com started coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research report issued on Sunday. The firm set a “hold” rating on the transportation company’s stock.

Air Transport Services Group Price Performance

NASDAQ ATSG opened at $22.32 on Friday. The company has a 50 day simple moving average of $22.31 and a 200-day simple moving average of $20.80. Air Transport Services Group has a 52-week low of $11.69 and a 52-week high of $22.47. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -557.86 and a beta of 0.89. 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 (NASDAQ:ATSG) last released its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $521.36 million. Equities research analysts predict that Air Transport Services Group will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Air Transport Services Group

Several large investors have recently made changes to their positions in the company. FMR LLC raised its position in 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 acquiring an additional 91,521 shares in the last quarter. State Street Corp raised its holdings in shares of Air Transport Services Group by 1.1% during the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock valued at $20,378,000 after purchasing an additional 13,880 shares in the last quarter. Castleark Management LLC acquired a new stake in shares of Air Transport Services Group in the 3rd quarter valued at $2,826,000. XTX Topco Ltd bought a new stake in Air Transport Services Group in the third quarter worth $269,000. Finally, Dean Investment Associates LLC raised its holdings in Air Transport Services Group by 39.8% during the third quarter. Dean Investment Associates LLC now owns 173,559 shares of the transportation company’s stock valued at $2,810,000 after buying an additional 49,437 shares in the last quarter. 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.