Air Transport Services Group, Inc. (NASDAQ:ATSG) Shares Sold by Covestor Ltd

Covestor Ltd reduced its position in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 85.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,895 shares of the transportation company’s stock after selling 10,948 shares during the quarter. Covestor Ltd’s holdings in Air Transport Services Group were worth $31,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ATSG. Gladius Capital Management LP purchased a new stake in Air Transport Services Group during the 2nd quarter worth approximately $34,000. Meeder Asset Management Inc. acquired a new position in Air Transport Services Group during the 2nd quarter worth $45,000. CWM LLC boosted its position in 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. Canada Pension Plan Investment Board acquired a new position in Air Transport Services Group during the 2nd quarter worth $58,000. Finally, Blue Trust Inc. lifted its holdings 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 buying an additional 4,528 shares during the period. 91.81% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Stock Down 0.0 %

Shares of ATSG opened at $22.02 on Friday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -550.36 and a beta of 0.81. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.81. The business’s fifty day moving average price is $17.07 and its two-hundred day moving average price is $15.33. Air Transport Services Group, Inc. has a 52 week low of $11.62 and a 52 week high of $22.27.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results 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). The company had revenue of $471.00 million during the quarter, compared to the consensus estimate of $507.46 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, analysts predict that Air Transport Services Group, Inc. will post 0.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ATSG has been the subject of several research analyst reports. Truist Financial upped their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 5th. Loop Capital reissued a “hold” rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. StockNews.com began coverage on Air Transport Services Group in a research report on Wednesday. They set a “hold” rating on the stock. Finally, Stifel Nicolaus upped their target price on Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.60.

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.