Air Transport Services Group (ATSG) Sets New 52-Week Low at $17.64

Air Transport Services Group Inc. (NASDAQ:ATSG)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $17.64 and last traded at $17.69, with a volume of 22672 shares. The stock had previously closed at $18.64.

A number of research firms have commented on ATSG. Zacks Investment Research lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Imperial Capital decreased their price target on Air Transport Services Group from $25.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 6th. BidaskClub lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. ValuEngine lowered Air Transport Services Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 18th. Finally, Stifel Nicolaus set a $27.00 price target on Air Transport Services Group and gave the company a “buy” rating in a research note on Monday, October 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.50.

The company has a debt-to-equity ratio of 1.12, a current ratio of 1.02 and a quick ratio of 0.88. The company has a market cap of $1.09 billion, a PE ratio of 19.80 and a beta of 1.82.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Friday, November 2nd. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). Air Transport Services Group had a net margin of 18.06% and a return on equity of 19.89%. The business had revenue of $204.90 million during the quarter, compared to the consensus estimate of $209.60 million. During the same quarter in the previous year, the business posted $0.22 EPS. The company’s revenue for the quarter was down 19.4% on a year-over-year basis. On average, equities analysts expect that Air Transport Services Group Inc. will post 1.29 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Air Transport Services Group by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,822,983 shares of the transportation company’s stock valued at $103,550,000 after purchasing an additional 152,528 shares during the last quarter. Morgan Stanley grew its position in Air Transport Services Group by 154.4% during the 3rd quarter. Morgan Stanley now owns 431,080 shares of the transportation company’s stock worth $9,255,000 after acquiring an additional 261,650 shares during the last quarter. Penn Capital Management Co. Inc. grew its position in Air Transport Services Group by 40.3% during the 3rd quarter. Penn Capital Management Co. Inc. now owns 217,927 shares of the transportation company’s stock worth $4,679,000 after acquiring an additional 62,565 shares during the last quarter. Teachers Advisors LLC grew its position in Air Transport Services Group by 3.8% during the 3rd quarter. Teachers Advisors LLC now owns 386,733 shares of the transportation company’s stock worth $8,303,000 after acquiring an additional 14,005 shares during the last quarter. Finally, Equitable Trust Co. grew its position in Air Transport Services Group by 65.7% during the 3rd quarter. Equitable Trust Co. now owns 50,132 shares of the transportation company’s stock worth $1,076,000 after acquiring an additional 19,882 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

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Air Transport Services Group Company Profile (NASDAQ:ATSG)

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

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