Air Transport Services Group (NASDAQ:ATSG) Given Hold Rating at Loop Capital

Air Transport Services Group (NASDAQ:ATSG)‘s stock had its “hold” rating restated by Loop Capital in a research report issued on Tuesday, Benzinga reports. They currently have a $22.50 price target on the transportation company’s stock, up from their prior price target of $22.00. Loop Capital’s target price suggests a potential upside of 2.27% from the stock’s current price.

A number of other equities research analysts also recently weighed in on ATSG. Truist Financial raised their price objective on Air Transport Services Group from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Stifel Nicolaus increased their price target on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.10.

Air Transport Services Group Trading Up 26.4 %

NASDAQ:ATSG opened at $22.00 on Tuesday. The firm has a 50-day simple moving average of $16.00 and a 200-day simple moving average of $14.78. Air Transport Services Group has a one year low of $11.62 and a one year high of $22.10. The firm has a market cap of $1.45 billion, a P/E ratio of 88.00 and a beta of 0.81. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.74.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Thursday, August 8th. The transportation company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $488.41 million during the quarter, compared to the consensus estimate of $513.67 million. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. Air Transport Services Group’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Equities analysts anticipate that Air Transport Services Group will post 0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. River Road Asset Management LLC increased its position in shares of Air Transport Services Group by 2.9% in the 3rd quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after acquiring an additional 201,722 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Air Transport Services Group by 14.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after purchasing an additional 380,958 shares during the period. American Century Companies Inc. increased its holdings in shares of Air Transport Services Group by 14.8% in the second quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock valued at $25,855,000 after purchasing an additional 239,919 shares during the period. Anchor Capital Management Company LLC raised its stake in shares of Air Transport Services Group by 26.4% in the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock worth $15,534,000 after purchasing an additional 233,789 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Air Transport Services Group by 3.2% during the second quarter. First Eagle Investment Management LLC now owns 503,330 shares of the transportation company’s stock worth $6,981,000 after purchasing an additional 15,400 shares during the period. 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.