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

StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research note issued to investors on Tuesday. The firm issued a hold rating on the transportation company’s stock.

ATSG has been the topic of several other reports. Truist Financial increased 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. 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 report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Stock Performance

Air Transport Services Group stock opened at $22.34 on Tuesday. 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 stock has a market cap of $1.47 billion, a PE ratio of -558.36 and a beta of 0.84. The stock has a 50-day moving average price of $22.14 and a 200 day moving average price of $19.46. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.38.

Institutional Trading of Air Transport Services Group

Several hedge funds and other institutional investors have recently modified their holdings of ATSG. Independence Bank of Kentucky purchased a new stake in shares of Air Transport Services Group during the 4th quarter worth about $33,000. Sterling Capital Management LLC boosted its stake in 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 valued at $36,000 after purchasing an additional 1,459 shares during the period. AlphaQuest LLC grew its stake in shares of Air Transport Services Group by 89.8% in the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock worth $58,000 after acquiring an additional 1,246 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Air Transport Services Group by 1,320.1% during the 3rd quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock worth $79,000 after purchasing an additional 4,528 shares during the period. Finally, Covestor Ltd increased its stake in Air Transport Services Group by 96.8% during the fourth quarter. Covestor Ltd now owns 3,729 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 1,834 shares during the period. Institutional investors and hedge funds 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.