Air Transport Services Group, Inc. (NASDAQ:ATSG) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 64.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,835 shares of the transportation company’s stock after selling 42,926 shares during the quarter. BNP Paribas Financial Markets’ holdings in Air Transport Services Group were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in shares of Air Transport Services Group in the second quarter valued at approximately $45,000. CWM LLC grew its position 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 in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Air Transport Services Group in the second quarter valued at approximately $58,000. Blue Trust Inc. grew its position in shares of Air Transport Services Group by 1,320.1% in the third quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 4,528 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Air Transport Services Group in the second quarter valued at approximately $73,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Truist Financial upped their price target on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 5th. StockNews.com started coverage on Air Transport Services Group in a research report on Sunday. They issued a “hold” rating for the company. Finally, Loop Capital reiterated a “hold” rating and issued a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Trading Down 0.2 %

Shares of Air Transport Services Group stock opened at $21.90 on Friday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -547.36 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 $22.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The stock has a 50 day moving average of $19.73 and a 200 day moving average of $16.46.

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