Analysts at StockNews.com Begin Coverage of Air Transport Services Group (NASDAQ:ATSG)

The firm StockNews.com has initiated coverage on the stock of Air Transport Services Group (NASDAQ:ATSG - Get Free Report) in a recent research note released to investors on Saturday. They have assigned a "hold" rating to the company's shares.

Air Transport Services Group Stock Performance

As of Friday, ATSG shares opened at $22.43. Over the past year, the stock has experienced a low of $11.69 and reached a high of $22.45. With a market capitalization of $1.48 billion, the company has a price-to-earnings ratio of -560.61 and a beta of 0.79. Key financial ratios include a quick ratio of 0.68 and a current ratio of 0.81, indicating the company’s ability to meet short-term obligations. Its debt-to-equity ratio stands at 1.06. The fifty-day simple moving average is $22.28, while the two-hundred day simple moving average is $20.43.

Recent Earnings Reports

Air Transport Services Group recently announced its quarterly earnings results on March 3. The company reported an earnings per share (EPS) of $0.40, surpassing the consensus estimate of $0.35 by $0.05. During this quarter, the company achieved revenues of $1.96 billion, significantly higher than the anticipated $521.36 million. Despite this, the company recorded a negative net margin of 0.12% and a positive return on equity of 3.12%. Looking ahead, analysts expect that Air Transport Services Group will report an EPS of approximately 0.83 for the current year.

Institutional Investor Activity

Several large investors have engaged in buying and selling shares of Air Transport Services Group recently. For instance, CIBRA Capital Ltd acquired a new stake during the fourth quarter valued at $7,383,000, while Polar Asset Management Partners Inc. also bought a new position in the same quarter worth around $989,000. Pullen Investment Management LLC increased its holdings in the company by 45.4% during the fourth quarter, owning now 31,205 shares valued at $686,000 after acquiring an additional 9,747 shares. Furthermore, the Public Employees Retirement System of Ohio boosted its stake by a striking 2,912.1%, amassing 94,159 shares worth $2,070,000 after purchasing an extra 91,033 shares in the last quarter. Hedge funds and other institutional investors collectively hold approximately 91.81% of the company's stock.

About Air Transport Services Group

Air Transport Services Group, Inc., through its subsidiaries, provides aircraft leasing, air cargo transportation, and related services both in the United States and internationally. The company operates across two segments: Cargo Aircraft Management Inc (CAM) and ACMI Services. Their offerings include aircraft leasing, flight crews, hull and liability insurance, aviation fuel services, and comprehensive aircraft maintenance services, which encompass airframe modifications, heavy maintenance, component repairs, engineering, and line maintenance.

Conclusion

Investors interested in the stock should review the recent rating and consider the company’s financial health and market performance before making investment decisions.

Airline, Stocks, Investment