Systematic Financial Management LP Acquires Shares of 24,435 Air Transport Services Group, Inc. (NASDAQ:ATSG)

Systematic Financial Management LP bought a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 24,435 shares of the transportation company's stock, valued at approximately $396,000.

A number of other hedge funds have also recently made changes to their positions in the company. Gladius Capital Management LP acquired a new stake in Air Transport Services Group during the 2nd quarter worth approximately $34,000. Meeder Asset Management Inc. acquired a new position in shares of Air Transport Services Group during the second quarter worth $45,000. CWM LLC grew its stake in shares of Air Transport Services Group by 144.4% in the second 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. Canada Pension Plan Investment Board acquired a new stake in Air Transport Services Group in the second quarter valued at $58,000. Finally, Innealta Capital LLC bought a new position in Air Transport Services Group during the 2nd quarter worth $73,000. 91.81% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Trading Down 0.1 %

Shares of Air Transport Services Group stock traded down $0.02 on Friday, reaching $21.98. 625,328 shares of the company's stock were exchanged, compared to its average volume of 1,019,200. Air Transport Services Group, Inc. has a 52 week low of $11.62 and a 52 week high of $22.27. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The firm's 50-day moving average is $19.07 and its two-hundred day moving average is $16.15.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last issued its 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 company had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. During the same period in the prior year, the company earned $0.32 earnings per share. The firm's revenue was down 10.0% compared to the same quarter last year. Analysts forecast that Air Transport Services Group, Inc. will post 0.81 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on ATSG. Stifel Nicolaus upped their price target on Air Transport Services Group from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Monday, August 12th. StockNews.com began coverage on shares of Air Transport Services Group in a research report on Saturday. They set a "hold" rating for the company. Truist Financial raised their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Finally, Loop Capital reaffirmed a "hold" rating and issued a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Air Transport Services Group has an average rating of "Hold" and an average price target of $20.60.

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.