Airline Services Group (NASDAQ:ATSG) coverage initiated by StockNews.com analysts

StockNews.com began covering stocks of Air Transport Services Group (NASDAQ:ATSG – Get a Rating) in a note released Thursday to investors. The brokerage has set a “hold” rating on the shares of the transportation company.

A number of other research companies also commented on the ATSG. Truist Financial raised its price target on Air Transport Services Group from $35.00 to $40.00 in a Monday, February 28 research note. Stephens raised his price target on Air Transport Services Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a Wednesday, March 2 research note. One equity research analyst rated the stock with a sell rating, one gave the company a hold rating and two gave the company a buy rating. Based on data from MarketBeat.com, Air Transport Services Group currently has a consensus rating of “Hold” and a consensus price target of $33.86.

NASDAQ:ATSG opened at $33.63 on Thursday. The stock has a market capitalization of $2.50 billion, a P/E ratio of 12.74 and a beta of 0.52. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt ratio of 0.98. The stock’s 50-day moving average is $29.54 and its 200-day moving average is $27.76. Air Transport Services Group has a 1-year low of $21.42 and a 1-year high of $34.54.

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Air Transport Services Group (NASDAQ:ATSG – Get Rating) last released its quarterly results on Thursday, February 24. The transportation company reported earnings per share of $0.52 for the quarter. The company posted revenue of $482.37 million for the quarter. Air Transport Services Group achieved a return on equity of 11.57% and a net margin of 13.34%. As a group, stock analysts expect Air Transport Services Group to post EPS of 1.97 for the current year.

Separately, insider James T. Pradetto sold 3,242 shares of the company in a trade that took place on Friday, March 11. The stock was sold at an average price of $31.47, for a total transaction of $102,025.74. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, insider Michael L. Berger sold 7,240 shares of the company in a trade that took place on Wednesday, March 16. The stock was sold at an average price of $31.80, for a total value of $230,232.00. The disclosure of this sale can be found here. 2.00% of the shares are currently held by insiders.

Institutional investors have recently changed their positions in the stock. First Trust Advisors LP increased its position in shares of Air Transport Services Group by 415.5% during the first quarter. First Trust Advisors LP now owns 125,485 shares of the transportation company valued at $2,892,000 after buying an additional 101,141 shares in the last quarter. SummerHaven Investment Management LLC acquired a new stake in Air Transport Services Group during Q3 for a value of approximately $936,000. RE Advisers Corp increased its equity stake in Air Transport Services Group by 149.5% in the third quarter. RE Advisers Corp now owns 1,038 shares of the transportation company valued at $27,000 after acquiring an additional 622 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its equity stake in Air Transport Services Group by 4.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 841,114 shares of the transportation company valued at $21,709,000 after acquiring 36,155 additional shares last quarter. Finally, Russell Investments Group Ltd. increased its equity stake in Air Transport Services Group by 3.1% in the third quarter. Russell Investments Group Ltd. now owns 762,135 shares of the transportation company valued at $19,667,000 after acquiring an additional 22,938 shares last quarter. Institutional investors and hedge funds hold 93.67% of the company’s shares.

Airline Services Group Company Profile (Get a rating)

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing and air cargo transportation and related services in the United States and abroad. The Company offers aircraft, flight crew, aircraft maintenance, aircraft hull and liability and aviation fuel insurance; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services and aircraft line maintenance.

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