Charles Schwab Investment Management Inc. Sells 151,257 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Charles Schwab Investment Management Inc. lessened its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 16.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 741,136 shares of the transportation company’s stock after selling 151,257 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.13% of Air Transport Services Group worth $11,999,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Gladius Capital Management LP acquired a new stake in Air Transport Services Group in the 2nd quarter valued at approximately $34,000. Meeder Asset Management Inc. acquired a new stake in shares of Air Transport Services Group in the second quarter valued at approximately $45,000. CWM LLC raised its holdings in shares of Air Transport Services Group by 144.4% in the second quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 2,480 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Air Transport Services Group in the second quarter worth $58,000. Finally, Innealta Capital LLC acquired a new position in Air Transport Services Group during the second quarter worth $73,000. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Stock Down 0.1 %

Air Transport Services Group stock opened at $21.98 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The company’s 50-day moving average is $19.07 and its 200-day moving average is $16.18. The firm has a market capitalization of $1.45 billion, a PE ratio of -549.50 and a beta of 0.85. Air Transport Services Group, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $22.27.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The business had revenue of $471.00 million during the quarter, compared to the consensus estimate of $507.46 million. During the same quarter in the prior year, the company earned $0.32 EPS. Air Transport Services Group’s quarterly revenue was down 10.0% on a year-over-year basis. Sell-side analysts anticipate that Air Transport Services Group, Inc. will post 0.81 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ATSG shares. Loop Capital reiterated a “hold” rating and issued a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. 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. StockNews.com initiated coverage on Air Transport Services Group in a research report on Saturday. They set a “hold” rating for the company. Finally, Truist Financial raised their price target on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Transport Services Group presently has a consensus rating of “Hold” and a consensus target price of $20.60.

About Air Transport Services Group

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.