Air Transport Services Group (NASDAQ:ATSG) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Air Transport Services Group (NASDAQ:ATSG) from a sell rating to a hold rating in a report issued on Tuesday morning.

Other equities research analysts have also issued reports about the company. Truist Financial reduced their price objective on Air Transport Services Group from $20.00 to $14.00 and set a hold rating for the company in a research note on Friday, April 19th. Susquehanna reduced their price target on Air Transport Services Group from $15.00 to $14.00 and set a neutral rating for the company in a research report on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $23.33.

Air Transport Services Group Stock Up 11.0 %

ATSG stock opened at $14.71 on Tuesday. The company has a market cap of $966.15 million, a price-to-earnings ratio of 19.61 and a beta of 0.85. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.74 and a current ratio of 0.86. The business’s 50-day moving average is $12.86 and its two-hundred day moving average is $15.01. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $24.96.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Monday, May 6th. The transportation company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $485.50 million for the quarter, compared to analysts’ expectations of $479.77 million. Air Transport Services Group had a net margin of 2.91% and a return on equity of 7.93%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 EPS. As a group, analysts forecast that Air Transport Services Group will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On Air Transport Services Group

A number of hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in Air Transport Services Group by 4,734.4% in the 4th quarter. Victory Capital Management Inc. now owns 2,197,508 shares of the transportation company’s stock worth $38,698,000 after purchasing an additional 2,152,052 shares during the period. U S Global Investors Inc. boosted its position in shares of Air Transport Services Group by 38.4% during the fourth quarter. U S Global Investors Inc. now owns 1,982,354 shares of the transportation company’s stock worth $34,909,000 after acquiring an additional 550,229 shares during the last quarter. Broad Bay Capital Management LP purchased a new position in Air Transport Services Group during the fourth quarter valued at $8,831,000. IPG Investment Advisors LLC increased its holdings in Air Transport Services Group by 159.7% in the 4th quarter. IPG Investment Advisors LLC now owns 703,477 shares of the transportation company’s stock valued at $12,388,000 after acquiring an additional 432,595 shares during the last quarter. Finally, DG Capital Management LLC lifted its stake in Air Transport Services Group by 137.9% in the 4th quarter. DG Capital Management LLC now owns 696,452 shares of the transportation company’s stock worth $12,265,000 after purchasing an additional 403,663 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

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.