Air Transport Services Group (NASDAQ:ATSG) Earns Hold Rating from Analysts at StockNews.com

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

Air Transport Services Group Stock Performance

Shares of NASDAQ:ATSG opened at $22.48 on Wednesday. Air Transport Services Group has a 52-week low of $11.69 and a 52-week high of $22.49. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The business has a 50-day moving average price of $22.40 and a 200-day moving average price of $21.66.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $521.36 million. Equities analysts predict that Air Transport Services Group will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Air Transport Services Group

Several institutional investors have recently made changes to their positions in the company. Alpine Associates Management Inc. purchased a new stake in Air Transport Services Group during the fourth quarter worth $31,377,000. FIL Ltd purchased a new stake in Air Transport Services Group during the fourth quarter worth $31,146,000. TIG Advisors LLC purchased a new stake in Air Transport Services Group during the fourth quarter worth $29,290,000. SG Americas Securities LLC boosted its holdings in Air Transport Services Group by 6,256.5% during the first quarter. SG Americas Securities LLC now owns 1,071,891 shares of the transportation company’s stock worth $24,053,000 after buying an additional 1,055,028 shares in the last quarter. Finally, Nexpoint Asset Management L.P. purchased a new stake in Air Transport Services Group during the fourth quarter worth $22,907,000. 91.81% of the stock is owned by hedge funds and other institutional investors.

About Air Transport Services Group

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.