Janney Montgomery Scott LLC Takes $443,000 Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Janney Montgomery Scott LLC bought a new stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSGFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,154 shares of the transportation company’s stock, valued at approximately $443,000.

Other hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Air Transport Services Group during the fourth quarter valued at $26,000. CWM LLC lifted its stake in Air Transport Services Group by 53.9% in the 4th quarter. CWM LLC now owns 2,191 shares of the transportation company’s stock worth $39,000 after acquiring an additional 767 shares in the last quarter. Cetera Trust Company N.A purchased a new stake in Air Transport Services Group in the 4th quarter worth about $90,000. C M Bidwell & Associates Ltd. purchased a new stake in Air Transport Services Group in the 3rd quarter worth about $196,000. Finally, Quadrature Capital Ltd purchased a new stake in Air Transport Services Group in the 3rd quarter worth about $327,000. 91.81% of the stock is owned by hedge funds and other institutional investors.

Air Transport Services Group Stock Down 2.4 %

ATSG opened at $12.77 on Thursday. Air Transport Services Group, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $24.96. The business has a 50-day moving average of $13.39 and a 200-day moving average of $14.49. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.75 and a quick ratio of 0.63. The company has a market capitalization of $839.24 million, a PE ratio of 20.27 and a beta of 0.86.

Air Transport Services Group (NASDAQ:ATSGGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The transportation company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The business 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 6.61% and a net margin of 2.37%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS. Equities research analysts forecast that Air Transport Services Group, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ATSG has been the subject of several research analyst reports. TD Cowen increased their price objective on Air Transport Services Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Truist Financial reduced their price objective on Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating for the company in a research note on Friday, April 19th. Susquehanna increased their price objective on Air Transport Services Group from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, StockNews.com raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.83.

View Our Latest Research Report on ATSG

Air Transport Services Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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