Charles Schwab Investment Management Inc. Sells 151,257 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Charles Schwab Investment Management Inc. cut its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 16.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 741,136 shares of the transportation company’s stock after selling 151,257 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Air Transport Services Group were worth $11,999,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. CWM LLC lifted 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 last quarter. Gladius Capital Management LP bought a new position in Air Transport Services Group during the 2nd quarter worth $34,000. SummerHaven Investment Management LLC lifted its holdings in shares of Air Transport Services Group by 3.0% during the second quarter. SummerHaven Investment Management LLC now owns 39,667 shares of the transportation company’s stock worth $550,000 after buying an additional 1,158 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Air Transport Services Group by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 274,112 shares of the transportation company’s stock valued at $3,802,000 after acquiring an additional 14,957 shares during the period. Finally, Legato Capital Management LLC grew its stake in shares of Air Transport Services Group by 39.9% in the second quarter. Legato Capital Management LLC now owns 45,799 shares of the transportation company’s stock valued at $635,000 after acquiring an additional 13,066 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Price Performance

ATSG stock opened at $21.98 on Monday. The company’s 50-day moving average price is $19.07 and its two-hundred day moving average price is $16.18. The firm has a market cap of $1.45 billion, a P/E ratio of -549.50 and a beta of 0.85. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. Air Transport Services Group, Inc. has a 12 month low of $11.62 and a 12 month high of $22.27.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $471.00 million for the quarter, compared to analyst estimates of $507.46 million. During the same quarter in the prior year, the business posted $0.32 EPS. The business’s revenue was down 10.0% on a year-over-year basis. On average, analysts anticipate that Air Transport Services Group, Inc. will post 0.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ATSG. Stifel Nicolaus lifted 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 note on Monday, August 12th. Loop Capital reaffirmed a “hold” rating and set a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. StockNews.com initiated coverage on Air Transport Services Group in a research note on Saturday. They issued a “hold” rating for the company. Finally, Truist Financial increased their price target 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 issued a buy rating to the company’s stock. According to MarketBeat, Air Transport Services Group presently has an average rating of “Hold” and a consensus 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.