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

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

Several other analysts also recently weighed in on ATSG. Truist Financial lifted their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Loop Capital reiterated a “hold” rating and issued a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Air Transport Services Group presently has a consensus rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Trading Up 0.0 %

NASDAQ ATSG opened at $22.34 on Tuesday. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $22.38. The company’s 50-day moving average price is $22.14 and its 200-day moving average price is $19.46. The stock has a market cap of $1.47 billion, a PE ratio of -558.36 and a beta of 0.84. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06.

Hedge Funds Weigh In On Air Transport Services Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in Air Transport Services Group by 247.7% during the third quarter. Barclays PLC now owns 72,934 shares of the transportation company’s stock valued at $1,180,000 after acquiring an additional 51,955 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Air Transport Services Group by 11.1% in the 3rd quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock worth $4,702,000 after purchasing an additional 29,104 shares in the last quarter. FMR LLC grew its stake in Air Transport Services Group by 74.9% during the 3rd quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock worth $3,460,000 after buying an additional 91,521 shares during the last quarter. Systematic Financial Management LP acquired a new position in Air Transport Services Group during the 3rd quarter valued at about $396,000. Finally, Phocas Financial Corp. raised its stake in Air Transport Services Group by 49.4% in the third quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company’s stock valued at $3,611,000 after buying an additional 73,752 shares during the last quarter. Hedge funds and other institutional investors 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.