Air Transport Services Group, Inc. (NASDAQ:ATSG) Shares Acquired by Anchor Capital Management Company LLC

Anchor Capital Management Company LLC lifted its position in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 26.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,119,942 shares of the transportation company’s stock after buying an additional 233,789 shares during the quarter. Air Transport Services Group makes up 16.5% of Anchor Capital Management Company LLC’s investment portfolio, making the stock its 3rd largest holding. Anchor Capital Management Company LLC owned approximately 1.70% of Air Transport Services Group worth $15,534,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Gladius Capital Management LP purchased a new position in Air Transport Services Group in the 2nd quarter valued at approximately $34,000. TFO Wealth Partners LLC boosted its holdings in Air Transport Services Group by 64,275.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,575 shares of the transportation company’s stock valued at $450,000 after purchasing an additional 2,571 shares during the period. Meeder Asset Management Inc. acquired a new position in Air Transport Services Group during the 2nd quarter worth $45,000. CWM LLC increased its holdings in Air Transport Services Group by 144.4% during the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock worth $58,000 after purchasing an additional 2,480 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Air Transport Services Group in the 2nd quarter valued at about $58,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ATSG has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Truist Financial boosted their price target on shares of Air Transport Services Group from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Air Transport Services Group currently has a consensus rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Trading Down 2.1 %

ATSG opened at $15.14 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.74. Air Transport Services Group, Inc. has a one year low of $11.62 and a one year high of $21.78. The company has a market cap of $995.61 million, a P/E ratio of 24.03 and a beta of 0.82. The business’s 50-day simple moving average is $15.46 and its 200-day simple moving average is $14.09.

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, topping analysts’ consensus estimates of $0.16 by $0.03. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. The company had revenue of $488.41 million for the quarter, compared to analysts’ expectations of $513.67 million. During the same quarter last year, the company earned $0.57 earnings per share. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, equities research analysts expect that Air Transport Services Group, Inc. will post 0.84 EPS for the current fiscal 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.