First Eagle Investment Management LLC Acquires 15,400 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

First Eagle Investment Management LLC increased its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 503,330 shares of the transportation company’s stock after purchasing an additional 15,400 shares during the period. First Eagle Investment Management LLC’s holdings in Air Transport Services Group were worth $6,981,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ATSG. Dimensional Fund Advisors LP increased its holdings in shares of Air Transport Services Group by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,013,004 shares of the transportation company’s stock worth $70,669,000 after buying an additional 175,076 shares during the last quarter. American Century Companies Inc. grew its position in Air Transport Services Group by 14.8% in the second quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock worth $25,855,000 after acquiring an additional 239,919 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Air Transport Services Group by 10.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 916,824 shares of the transportation company’s stock valued at $16,145,000 after acquiring an additional 84,280 shares during the last quarter. Anchor Capital Management Company LLC raised its position in Air Transport Services Group by 22.5% during the first quarter. Anchor Capital Management Company LLC now owns 886,153 shares of the transportation company’s stock valued at $12,193,000 after purchasing an additional 162,753 shares in the last quarter. Finally, IPG Investment Advisors LLC lifted its stake in Air Transport Services Group by 159.7% during the fourth quarter. IPG Investment Advisors LLC now owns 703,477 shares of the transportation company’s stock worth $12,388,000 after purchasing an additional 432,595 shares during the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ATSG. Truist Financial increased their price objective on Air Transport Services Group from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Stifel Nicolaus increased their price target on shares of 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. Three research 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, the company presently has a consensus rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Trading Down 2.3 %

Shares of ATSG stock opened at $15.63 on Friday. The business has a 50-day moving average of $15.48 and a 200 day moving average of $14.04. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.74 and a quick ratio of 0.62. Air Transport Services Group, Inc. has a 1-year low of $11.62 and a 1-year high of $21.78. The stock has a market capitalization of $1.03 billion, a PE ratio of 24.81 and a beta of 0.82.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Thursday, August 8th. The transportation company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. The firm had revenue of $488.41 million during the quarter, compared to analyst estimates of $513.67 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Air Transport Services Group, Inc. will post 0.84 earnings per share 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.