Cwm LLC Boosts Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Cwm LLC increased its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 53.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,191 shares of the transportation company’s stock after purchasing an additional 767 shares during the period. Cwm LLC’s holdings in Air Transport Services Group were worth $39,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ATSG. Vanguard Group Inc. raised its stake in shares of Air Transport Services Group by 1.7% in the third quarter. Vanguard Group Inc. now owns 6,339,788 shares of the transportation company’s stock valued at $132,311,000 after acquiring an additional 103,496 shares in the last quarter. U S Global Investors Inc. raised its position in Air Transport Services Group by 38.4% in the 4th quarter. U S Global Investors Inc. now owns 1,982,354 shares of the transportation company’s stock valued at $34,909,000 after purchasing an additional 550,229 shares in the last quarter. FMR LLC boosted its stake in shares of Air Transport Services Group by 2.6% in the 3rd quarter. FMR LLC now owns 1,829,208 shares of the transportation company’s stock valued at $38,176,000 after buying an additional 46,428 shares during the period. American Century Companies Inc. grew its position in shares of Air Transport Services Group by 12.7% during the third quarter. American Century Companies Inc. now owns 1,155,841 shares of the transportation company’s stock worth $24,122,000 after buying an additional 130,130 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Air Transport Services Group by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 832,544 shares of the transportation company’s stock worth $17,375,000 after buying an additional 67,700 shares during the period. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on ATSG shares. Susquehanna boosted their price target on shares of Air Transport Services Group from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday. TD Cowen increased their target price on Air Transport Services Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Truist Financial cut their target price on Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating on the stock in a research report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Air Transport Services Group has an average rating of “Moderate Buy” and a consensus price target of $21.83.

Air Transport Services Group Stock Performance

Shares of ATSG stock opened at $14.82 on Friday. Air Transport Services Group, Inc. has a 1 year low of $11.62 and a 1 year high of $24.96. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.74 and a current ratio of 0.86. The firm has a market cap of $973.44 million, a price-to-earnings ratio of 23.52 and a beta of 0.85. The stock’s 50-day moving average is $12.96 and its two-hundred day moving average is $15.01.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, May 6th. The transportation company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $485.50 million for the quarter, compared to analyst estimates of $479.77 million. Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. Analysts predict that Air Transport Services Group, Inc. will post 0.73 earnings per share for the current year.

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.