AlphaCrest Capital Management LLC purchased a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,330 shares of the transportation company's stock, valued at approximately $747,000.
Other hedge funds have also bought and sold shares of the company. Rinkey Investments acquired a new stake in Air Transport Services Group in the 4th quarter valued at $42,000. Catalyst Capital Advisors LLC acquired a new stake in Air Transport Services Group in the 1st quarter valued at $45,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Air Transport Services Group in the 1st quarter valued at $192,000. Aldebaran Financial Inc. acquired a new stake in Air Transport Services Group in the 4th quarter valued at $207,000. Finally, Los Angeles Capital Management LLC purchased a new position in Air Transport Services Group during the 1st quarter worth $207,000. Institutional investors and hedge funds own 95.84% of the company's stock.
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Wall Street Analyst Weigh In
A number of equities analysts have issued reports on ATSG shares. StockNews.com downgraded shares of Air Transport Services Group from a "buy" rating to a "hold" rating in a report on Saturday, June 18th. Cowen lifted their price objective on shares of Air Transport Services Group from $31.00 to $40.00 in a report on Monday, May 9th. Finally, Cowen lifted their price objective on shares of Air Transport Services Group from $31.00 to $40.00 in a report on Monday, May 9th.
Air Transport Services Group Price Performance
ATSG opened at $29.54 on Monday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 11.36 and a beta of 0.56. Air Transport Services Group, Inc. has a 1 year low of $23.68 and a 1 year high of $34.54. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.19 and a quick ratio of 1.02. The firm's fifty day moving average price is $30.16 and its two-hundred day moving average price is $30.50.
Air Transport Services Group (NASDAQ:ATSG – Get Rating) last released its earnings results on Thursday, August 4th. The transportation company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.09. The company had revenue of $510.00 million for the quarter, compared to analysts' expectations of $505.54 million. Air Transport Services Group had a return on equity of 14.39% and a net margin of 11.01%. The business's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. As a group, analysts anticipate that Air Transport Services Group, Inc. will post 2.17 earnings per share for the current fiscal year.
Air Transport Services Group Profile
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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. The company offers aircraft, flight crews, aircraft maintenance, 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.
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