Air Transport Services Group, Inc. (NASDAQ:ATSG) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 5.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,719,415 shares of the transportation company’s stock after selling 234,264 shares during the period. Dimensional Fund Advisors LP owned 5.66% of Air Transport Services Group worth $51,587,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATSG. Gladius Capital Management LP purchased a new position in shares of Air Transport Services Group during the 2nd quarter worth $34,000. Meeder Asset Management Inc. purchased a new position in shares of Air Transport Services Group during the 2nd quarter worth $45,000. CWM LLC raised its holdings in shares of Air Transport Services Group by 144.4% during the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock worth $58,000 after acquiring an additional 2,480 shares during the period. Innealta Capital LLC acquired a new stake in shares of Air Transport Services Group during the 2nd quarter worth about $73,000. Finally, Covestor Ltd increased its position in shares of Air Transport Services Group by 59.0% during the 1st quarter. Covestor Ltd now owns 8,234 shares of the transportation company’s stock worth $113,000 after purchasing an additional 3,054 shares during the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Price Performance

Air Transport Services Group stock opened at $15.78 on Monday. Air Transport Services Group, Inc. has a 12 month low of $11.62 and a 12 month high of $21.78. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.74 and a quick ratio of 0.62. The business has a 50 day simple moving average of $15.46 and a 200-day simple moving average of $14.14. The stock has a market capitalization of $1.04 billion, a PE ratio of 25.05 and a beta of 0.82.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Thursday, August 8th. The transportation company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. The firm had revenue of $488.41 million for the quarter, compared to analyst estimates of $513.67 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. Air Transport Services Group’s quarterly revenue was down 7.7% on a year-over-year basis. Equities analysts predict that Air Transport Services Group, Inc. will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

ATSG has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on Air Transport Services Group from $14.00 to $15.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. Stifel Nicolaus lifted their target price on Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.25.

Air Transport Services Group 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.