Air Transport Services Group (NASDAQ:ATSG) Now Covered by StockNews.com

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

Air Transport Services Group Price Performance

NASDAQ ATSG opened at $22.48 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The company 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 50 day moving average of $22.34 and a 200-day moving average of $21.06. Air Transport Services Group has a 1-year low of $11.69 and a 1-year high of $22.49.

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 for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations 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%. On average, equities research analysts expect that Air Transport Services Group will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Air Transport Services Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Independence Bank of Kentucky acquired a new position in Air Transport Services Group during the fourth quarter valued at approximately $33,000. Sterling Capital Management LLC raised its holdings in shares of Air Transport Services Group by 797.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company’s stock worth $36,000 after buying an additional 1,459 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Air Transport Services Group by 89.8% during the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock worth $58,000 after buying an additional 1,246 shares during the last quarter. Covestor Ltd boosted its stake in Air Transport Services Group by 96.8% in the fourth quarter. Covestor Ltd now owns 3,729 shares of the transportation company’s stock valued at $82,000 after buying an additional 1,834 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Air Transport Services Group by 2,143.9% in the first quarter. GAMMA Investing LLC now owns 3,680 shares of the transportation company’s stock valued at $83,000 after acquiring an additional 3,516 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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.