Air Transport Services Group (NASDAQ:ATSG) Stock Rating Lowered by StockNews.com

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

A number of other equities analysts have also recently weighed in on the company. Truist Financial raised their price objective on Air Transport Services Group from $16.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Susquehanna decreased their price objective on Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.33.

Air Transport Services Group Stock Performance

NASDAQ:ATSG opened at $13.80 on Tuesday. The business’s 50-day moving average price is $14.01 and its two-hundred day moving average price is $16.66. Air Transport Services Group has a twelve month low of $11.62 and a twelve month high of $24.96. The stock has a market cap of $906.06 million, a P/E ratio of 18.39 and a beta of 0.83. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.25.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, February 26th. The transportation company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.11). Air Transport Services Group had a net margin of 2.91% and a return on equity of 7.93%. The business had revenue of $517.04 million during the quarter, compared to analysts’ expectations of $521.04 million. As a group, equities analysts predict that Air Transport Services Group will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Air Transport Services Group

Large investors have recently bought and sold shares of the stock. American Century Companies Inc. increased its stake in Air Transport Services Group by 12.7% in the 3rd quarter. American Century Companies Inc. now owns 1,155,841 shares of the transportation company’s stock worth $24,122,000 after purchasing an additional 130,130 shares during the period. Assenagon Asset Management S.A. increased its stake in Air Transport Services Group by 255.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 71,440 shares of the transportation company’s stock worth $1,491,000 after purchasing an additional 51,339 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Air Transport Services Group by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 832,544 shares of the transportation company’s stock worth $17,375,000 after purchasing an additional 67,700 shares during the period. Dark Forest Capital Management LP increased its stake in Air Transport Services Group by 136.9% in the 3rd quarter. Dark Forest Capital Management LP now owns 72,232 shares of the transportation company’s stock worth $1,507,000 after purchasing an additional 41,747 shares during the period. Finally, Barclays PLC grew its position in shares of Air Transport Services Group by 9.2% in the 3rd quarter. Barclays PLC now owns 16,796 shares of the transportation company’s stock worth $350,000 after buying an additional 1,412 shares during the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

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.