Air Transport Services Group, Inc. (NASDAQ:ATSG) Stock Holdings Reduced by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,497,261 shares of the transportation company’s stock after selling 9,305 shares during the quarter. JPMorgan Chase & Co.’s holdings in Air Transport Services Group were worth $24,241,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of Air Transport Services Group during the 2nd quarter worth about $45,000. Canada Pension Plan Investment Board acquired a new stake in Air Transport Services Group in the 2nd quarter worth approximately $58,000. Blue Trust Inc. boosted its position in Air Transport Services Group by 1,320.1% during the third quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock worth $79,000 after purchasing an additional 4,528 shares during the period. Hsbc Holdings PLC acquired a new position in Air Transport Services Group during the second quarter valued at approximately $156,000. Finally, Cetera Trust Company N.A raised its position in shares of Air Transport Services Group by 14.2% in the third quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock valued at $177,000 after purchasing an additional 1,355 shares during the period. 91.81% of the stock is owned by hedge funds and other institutional investors.

Air Transport Services Group Trading Up 0.0 %

Shares of Air Transport Services Group stock opened at $22.04 on Thursday. Air Transport Services Group, Inc. has a 52-week low of $11.62 and a 52-week high of $22.33. The firm has a market capitalization of $1.45 billion, a PE ratio of -550.86 and a beta of 0.85. 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 fifty day moving average price is $21.70 and its two-hundred day moving average price is $17.58.

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 for the quarter, missing analysts’ consensus estimates 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 company had revenue of $471.00 million for the quarter, compared to analyst estimates of $507.46 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, analysts expect that Air Transport Services Group, Inc. will post 0.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ATSG. StockNews.com initiated coverage on shares of Air Transport Services Group in a research note on Wednesday. They issued a “hold” rating on the stock. Loop Capital restated a “hold” rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Finally, Truist Financial lifted their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.