Hsbc Holdings PLC Makes New $156,000 Investment in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Hsbc Holdings PLC bought a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,244 shares of the transportation company’s stock, valued at approximately $156,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Broad Bay Capital Management LP acquired a new position in Air Transport Services Group in the fourth quarter worth $8,831,000. American Century Companies Inc. lifted its position in Air Transport Services Group by 14.8% during the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock worth $25,855,000 after buying an additional 239,919 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Air Transport Services Group by 82.3% during the 1st quarter. First Eagle Investment Management LLC now owns 487,930 shares of the transportation company’s stock worth $6,714,000 after acquiring an additional 220,300 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in shares of Air Transport Services Group in the first quarter valued at approximately $2,489,000. Finally, Anchor Capital Management Company LLC increased its stake in shares of Air Transport Services Group by 22.5% in the 1st quarter. Anchor Capital Management Company LLC now owns 886,153 shares of the transportation company’s stock valued at $12,193,000 after buying an additional 162,753 shares during the period. 91.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on ATSG shares. Stifel Nicolaus raised their price target on Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 12th. Truist Financial boosted their price target on shares of Air Transport Services Group from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.25.

Air Transport Services Group Stock Performance

Shares of Air Transport Services Group stock opened at $14.89 on Friday. 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 current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $978.63 million, a PE ratio of 23.63 and a beta of 0.82. The stock’s fifty day simple moving average is $15.42 and its 200 day simple moving average is $14.24.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Thursday, August 8th. The transportation company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $488.41 million during the quarter, compared to analyst estimates of $513.67 million. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. Air Transport Services Group’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. On average, research analysts predict that Air Transport Services Group, Inc. will post 0.84 EPS for the current year.

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.