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

StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research report issued on Monday. The brokerage set a “hold” rating on the transportation company’s stock.

Air Transport Services Group Price Performance

Shares of NASDAQ:ATSG opened at $22.48 on Monday. The firm has a 50 day simple moving average of $22.34 and a 200 day simple moving average of $21.11. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89. Air Transport Services Group has a one year low of $11.69 and a one year high of $22.49. 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 quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $521.36 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. Research analysts predict that Air Transport Services Group will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of Air Transport Services Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATSG. Dimensional Fund Advisors LP boosted its stake in shares of Air Transport Services Group by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,571,391 shares of the transportation company’s stock valued at $78,500,000 after purchasing an additional 15,250 shares during the last quarter. American Century Companies Inc. boosted its position in Air Transport Services Group by 3.3% during the fourth quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company’s stock valued at $50,201,000 after acquiring an additional 72,367 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in Air Transport Services Group during the 4th quarter worth about $31,377,000. FIL Ltd bought a new position in shares of Air Transport Services Group in the 4th quarter worth about $31,146,000. Finally, TIG Advisors LLC acquired a new position in shares of Air Transport Services Group in the 4th quarter valued at about $29,290,000. Institutional investors and hedge funds 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.