Air Transport Services Group, Inc. (NASDAQ:ATSG) Shares Sold by Covestor Ltd

Covestor Ltd lowered its position in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 85.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,895 shares of the transportation company’s stock after selling 10,948 shares during the period. Covestor Ltd’s holdings in Air Transport Services Group were worth $31,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pullen Investment Management LLC increased its stake in shares of Air Transport Services Group by 3.6% during the second 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 in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Air Transport Services Group by 2.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,804 shares of the transportation company’s stock worth $386,000 after acquiring an additional 733 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Air Transport Services Group by 3.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 39,667 shares of the transportation company’s stock worth $550,000 after acquiring an additional 1,158 shares during the last quarter. Cetera Trust Company N.A lifted its holdings in Air Transport Services Group by 14.2% during the 3rd quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock worth $177,000 after buying an additional 1,355 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new stake in Air Transport Services Group during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Loop Capital reissued a “hold” rating and issued a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Stifel Nicolaus raised their price objective on shares of 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. StockNews.com began coverage on shares of Air Transport Services Group in a report on Wednesday. They issued a “hold” rating on the stock. Finally, Truist Financial increased their price objective on 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Trading Down 0.0 %

Shares of ATSG stock opened at $22.02 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 stock has a market cap of $1.45 billion, a P/E ratio of -550.36 and a beta of 0.81. The business has a fifty day simple moving average of $17.07 and a 200-day simple moving average of $15.33. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

Air Transport Services Group (NASDAQ:ATSG) last posted 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). The company had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $507.46 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 EPS. On average, analysts forecast that Air Transport Services Group, Inc. will post 0.84 earnings per share 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.