Air Transport Services Group (NASDAQ:ATSG) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com initiated 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.

ATSG has been the subject of a number of other reports. Loop Capital reaffirmed a “hold” rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Truist Financial upped their target price on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Trading Up 0.4 %

Shares of ATSG stock opened at $22.33 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $22.34. The firm’s 50 day moving average price is $22.08 and its two-hundred day moving average price is $19.09. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -558.11 and a beta of 0.84.

Hedge Funds Weigh In On Air Transport Services Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alpine Associates Management Inc. purchased a new stake in shares of Air Transport Services Group during the fourth quarter worth about $31,377,000. FIL Ltd purchased a new stake in Air Transport Services Group during the 4th quarter worth approximately $31,146,000. TIG Advisors LLC acquired a new position in shares of Air Transport Services Group in the 4th quarter valued at approximately $29,290,000. Nexpoint Asset Management L.P. purchased a new position in shares of Air Transport Services Group during the 4th quarter valued at approximately $22,907,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Air Transport Services Group during the fourth quarter worth approximately $17,922,000. 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.