Rhumbline Advisers Has $1.20 Million Stock Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Rhumbline Advisers decreased its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 7.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,705 shares of the transportation company’s stock after selling 6,717 shares during the quarter. Rhumbline Advisers owned approximately 0.13% of Air Transport Services Group worth $1,203,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Pullen Investment Management LLC increased its stake in shares of Air Transport Services Group by 3.6% during the 2nd quarter. Pullen Investment Management LLC now owns 18,303 shares of the transportation company’s stock worth $254,000 after purchasing an additional 640 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Air Transport Services Group by 3.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 39,667 shares of the transportation company’s stock worth $550,000 after purchasing an additional 1,158 shares during the last quarter. Jessup Wealth Management Inc increased its stake in shares of Air Transport Services Group by 6.1% during the 1st quarter. Jessup Wealth Management Inc now owns 21,791 shares of the transportation company’s stock worth $300,000 after purchasing an additional 1,254 shares during the last quarter. Gladius Capital Management LP acquired a new position in Air Transport Services Group in the 2nd quarter valued at $34,000. Finally, CWM LLC grew its stake in Air Transport Services Group by 144.4% in the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock valued at $58,000 after buying an additional 2,480 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Air Transport Services Group Stock Performance

NASDAQ ATSG opened at $15.63 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.74 and a quick ratio of 0.62. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 24.81 and a beta of 0.82. The company’s fifty day moving average is $15.48 and its two-hundred day moving average is $14.05. Air Transport Services Group, Inc. has a 52-week low of $11.62 and a 52-week high of $21.78.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Thursday, August 8th. The transportation company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $488.41 million for the quarter, compared to analyst estimates of $513.67 million. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. Equities research analysts forecast that Air Transport Services Group, Inc. will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

ATSG has been the topic of a number of research analyst reports. Stifel Nicolaus raised their target price on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Truist Financial raised their target price on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a “hold” rating in a research note on Monday, August 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.