Air Transport Services Group, Inc. (NASDAQ:ATSG) Given Consensus Recommendation of “Hold” by Analysts

Air Transport Services Group, Inc. (NASDAQ:ATSG) has been assigned a consensus rating of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $20.60.

Separately, StockNews.com began coverage on shares of Air Transport Services Group in a report on Wednesday. They issued a “hold” rating for the company.

Air Transport Services Group Price Performance

ATSG opened at $22.48 on Tuesday. 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 has a 12 month low of $11.69 and a 12 month high of $22.49. The stock’s 50 day moving average price is $22.40 and its 200 day moving average price is $21.75. The stock has a market cap of $1.48 billion, a P/E ratio of -561.86 and a beta of 0.89.

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

Institutional Trading of Air Transport Services Group

Hedge funds have recently made changes to their positions in the stock. SummerHaven Investment Management LLC raised its holdings in shares of Air Transport Services Group by 1.2% during the first quarter. SummerHaven Investment Management LLC now owns 54,525 shares of the transportation company’s stock worth $1,224,000 after acquiring an additional 647 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Air Transport Services Group by 0.8% during the 4th quarter. Rhumbline Advisers now owns 83,623 shares of the transportation company’s stock valued at $1,838,000 after buying an additional 686 shares during the last quarter. Cetera Trust Company N.A grew its stake in shares of Air Transport Services Group by 6.6% in the 4th quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock valued at $256,000 after buying an additional 725 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Air Transport Services Group by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,127 shares of the transportation company’s stock worth $640,000 after buying an additional 982 shares during the last quarter. Finally, AlphaQuest LLC raised its position in Air Transport Services Group by 89.8% during the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 1,246 shares in the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

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.