Entropy Technologies LP Acquires Shares of 13,025 Air Transport Services Group, Inc. (NASDAQ:ATSG)

Entropy Technologies LP purchased a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 13,025 shares of the transportation company's stock, valued at approximately $286,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Independence Bank of Kentucky acquired a new stake in Air Transport Services Group in the fourth quarter valued at $33,000. Blue Trust Inc. grew its stake in Air Transport Services Group by 1,320.1% in the 3rd quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company's stock valued at $79,000 after acquiring an additional 4,528 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in Air Transport Services Group by 106.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company's stock valued at $109,000 after acquiring an additional 3,471 shares in the last quarter. Cetera Trust Company N.A increased 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 valued at $177,000 after acquiring an additional 1,355 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in Air Transport Services Group during the third quarter worth about $197,000. Institutional investors and hedge funds own 91.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. StockNews.com began coverage on shares of Air Transport Services Group in a research note on Monday. They set a "hold" rating for the company. Truist Financial raised 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. Finally, Loop Capital reaffirmed a "hold" rating and set a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $20.60.

Air Transport Services Group Trading Down 0.1 %

Shares of ATSG stock traded down $0.02 during trading hours on Monday, hitting $22.24. 297,682 shares of the company were exchanged, compared to its average volume of 899,971. Air Transport Services Group, Inc. has a 1 year low of $11.62 and a 1 year high of $22.33. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The firm has a fifty day moving average of $22.08 and a 200 day moving average of $19.09. The firm has a market cap of $1.46 billion, a PE ratio of -555.86 and a beta of 0.84.

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.