Air Transport Services Group (NASDAQ:ATSG) Rating Increased to Hold at StockNews.com

Air Transport Services Group (NASDAQ:ATSG) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Other equities analysts also recently issued research reports about the company. Susquehanna dropped 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. Truist Financial dropped 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 report on Friday, April 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $23.33.

Air Transport Services Group Price Performance

Air Transport Services Group stock traded up $1.46 during trading hours on Tuesday, hitting $14.71. The stock had a trading volume of 1,312,754 shares, compared to its average volume of 619,153. The stock has a market capitalization 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 current ratio of 0.86 and a quick ratio of 0.74. Air Transport Services Group has a 1-year low of $11.62 and a 1-year high of $24.96. The stock’s fifty day moving average is $12.86 and its two-hundred day moving average is $15.01.

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

Institutional Investors Weigh In On Air Transport Services Group

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

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.