XTX Topco Ltd Buys Shares of 16,636 Air Transport Services Group, Inc. (NASDAQ:ATSG)

XTX Topco Ltd purchased a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,636 shares of the transportation company’s stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ATSG. Castleark Management LLC acquired a new position in Air Transport Services Group during the third quarter worth $2,826,000. State Street Corp increased its holdings in shares of Air Transport Services Group by 1.1% during the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock valued at $20,378,000 after acquiring an additional 13,880 shares during the last quarter. Systematic Financial Management LP bought a new position in shares of Air Transport Services Group in the 3rd quarter valued at approximately $396,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Air Transport Services Group in the 3rd quarter worth approximately $3,411,000. Finally, FMR LLC boosted its position in Air Transport Services Group by 74.9% during the third quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock worth $3,460,000 after purchasing an additional 91,521 shares during the period. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Price Performance

NASDAQ:ATSG opened at $21.87 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. Air Transport Services Group, Inc. has a one year low of $11.62 and a one year high of $22.33. The company has a fifty day moving average price of $20.00 and a 200 day moving average price of $16.61. The stock has a market cap of $1.44 billion, a P/E ratio of -546.61 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 EPS 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 prior year, the company posted $0.32 EPS. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. Analysts anticipate that Air Transport Services Group, Inc. will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on ATSG shares. StockNews.com began coverage on shares of Air Transport Services Group in a research note on Sunday. They issued a “hold” rating for the company. Truist Financial boosted their target price on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, Loop Capital reaffirmed a “hold” rating and issued a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average 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.