Intech Investment Management LLC Invests $197,000 in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Intech Investment Management LLC bought a new stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 12,145 shares of the transportation company’s stock, valued at approximately $197,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. River Road Asset Management LLC boosted its position in shares of Air Transport Services Group by 2.9% during the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock worth $116,085,000 after acquiring an additional 201,722 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Air Transport Services Group by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock worth $41,120,000 after purchasing an additional 380,958 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of 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 valued at $25,855,000 after purchasing an additional 239,919 shares during the last quarter. Anchor Capital Management Company LLC grew its position in shares of Air Transport Services Group by 26.4% during the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after purchasing an additional 233,789 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of Air Transport Services Group by 3.2% in the second quarter. First Eagle Investment Management LLC now owns 503,330 shares of the transportation company’s stock worth $6,981,000 after purchasing an additional 15,400 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ATSG has been the subject of a number of research reports. StockNews.com assumed coverage on Air Transport Services Group in a research note on Saturday. They set a “hold” rating for the company. Stifel Nicolaus increased their target price on 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. Loop Capital restated a “hold” rating and issued a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Finally, Truist Financial upped their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Air Transport Services Group presently has a consensus rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Trading Down 0.1 %

Shares of NASDAQ ATSG opened at $21.98 on Friday. Air Transport Services Group, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $22.27. 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 company has a market cap of $1.45 billion, a price-to-earnings ratio of -549.36 and a beta of 0.85. The business’s 50 day moving average price is $19.07 and its 200-day moving average price is $16.15.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results 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 positive return on equity of 3.12% and a negative net margin of 0.12%. The business had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $507.46 million. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. On average, sell-side analysts expect that Air Transport Services Group, Inc. will post 0.81 earnings per share for the current year.

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.