Vanguard Group Inc. Decreases Stock Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Vanguard Group Inc. reduced its position in Air Transport Services Group, Inc. (NASDAQ:ATSGFree Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,055,101 shares of the transportation company’s stock after selling 284,687 shares during the quarter. Vanguard Group Inc. owned approximately 9.22% of Air Transport Services Group worth $106,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Readystate Asset Management LP increased its position in Air Transport Services Group by 141.1% in the fourth quarter. Readystate Asset Management LP now owns 81,711 shares of the transportation company’s stock worth $1,439,000 after buying an additional 47,827 shares during the last quarter. Forest Hill Capital LLC increased its position in Air Transport Services Group by 17.0% in the fourth quarter. Forest Hill Capital LLC now owns 137,950 shares of the transportation company’s stock worth $2,429,000 after buying an additional 20,000 shares during the last quarter. Broad Bay Capital Management LP purchased a new stake in Air Transport Services Group in the fourth quarter worth $8,831,000. DG Capital Management LLC increased its position in Air Transport Services Group by 137.9% in the fourth quarter. DG Capital Management LLC now owns 696,452 shares of the transportation company’s stock worth $12,265,000 after buying an additional 403,663 shares during the last quarter. Finally, TFO Wealth Partners LLC increased its position in Air Transport Services Group by 64,275.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,575 shares of the transportation company’s stock worth $450,000 after buying an additional 2,571 shares during the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

Air Transport Services Group Price Performance

NASDAQ:ATSG opened at $13.84 on Friday. The firm has a market capitalization of $909.56 million, a price-to-earnings ratio of 21.97 and a beta of 0.84. Air Transport Services Group, Inc. has a 52-week low of $11.62 and a 52-week high of $24.96. The stock has a fifty day moving average of $13.48 and a 200 day moving average of $14.05. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.63 and a current ratio of 0.75.

Air Transport Services Group (NASDAQ:ATSGGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. Air Transport Services Group had a return on equity of 6.61% and a net margin of 2.37%. The firm had revenue of $485.50 million during the quarter, compared to analyst estimates of $479.77 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue was down 3.1% compared to the same quarter last year. On average, research analysts expect that Air Transport Services Group, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ATSG shares. Truist Financial reduced their price target on Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, April 19th. TD Cowen lifted their price target on Air Transport Services Group from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. StockNews.com upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Susquehanna lifted their price target on Air Transport Services Group from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Air Transport Services Group presently has a consensus rating of “Moderate Buy” and an average price target of $21.83.

View Our Latest Analysis on Air Transport Services Group

About Air Transport Services Group

(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.

Featured Articles

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

Receive News & Ratings for Air Transport Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Transport Services Group and related companies with MarketBeat.com's FREE daily email newsletter.