StockNews.com Initiates Coverage on Air Transport Services Group (NASDAQ:ATSG)

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

Air Transport Services Group Price Performance

Shares of Air Transport Services Group stock opened at $22.33 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -558.11 and a beta of 0.79. Air Transport Services Group has a twelve month low of $11.69 and a twelve month high of $22.38. The company has a 50-day simple moving average of $22.25 and a two-hundred day simple moving average of $20.25.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations 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%. Analysts forecast that Air Transport Services Group will post 0.83 EPS for the current year.

Institutional Trading of Air Transport Services Group

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in Air Transport Services Group by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,571,391 shares of the transportation company’s stock worth $78,500,000 after purchasing an additional 15,250 shares during the period. American Century Companies Inc. raised its position in shares of Air Transport Services Group by 3.3% in the 4th quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company’s stock valued at $50,201,000 after buying an additional 72,367 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in shares of Air Transport Services Group during the 4th quarter worth approximately $31,377,000. FIL Ltd bought a new stake in shares of Air Transport Services Group during the 4th quarter worth approximately $31,146,000. Finally, TIG Advisors LLC acquired a new stake in shares of Air Transport Services Group during the 4th quarter worth approximately $29,290,000. 91.81% of the stock is owned by institutional investors and hedge funds.

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.