Phocas Financial Corp. Boosts Stock Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Phocas Financial Corp. lifted its holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 49.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,036 shares of the transportation company's stock after buying an additional 73,752 shares during the quarter. Phocas Financial Corp. owned approximately 0.34% of Air Transport Services Group worth $3,611,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Marshall Wace LLP lifted its holdings in shares of Air Transport Services Group by 300.8% during the second quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company's stock valued at $3,515,000 after purchasing an additional 190,202 shares during the last quarter. Empowered Funds LLC boosted its holdings in Air Transport Services Group by 11.1% in the third quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company's stock worth $4,702,000 after acquiring an additional 29,104 shares in the last quarter. Anchor Capital Management Company LLC grew its stake in shares of Air Transport Services Group by 26.4% in the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company's stock worth $15,534,000 after acquiring an additional 233,789 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Air Transport Services Group by 14.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company's stock valued at $41,120,000 after acquiring an additional 380,958 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Air Transport Services Group by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company's stock worth $25,855,000 after purchasing an additional 239,919 shares in the last quarter. 91.81% of the stock is currently owned by institutional investors.

Air Transport Services Group Price Performance

ATSG traded down $0.01 on Tuesday, hitting $21.96. 552,097 shares of the company's stock traded hands, compared to its average volume of 644,101. Air Transport Services Group, Inc. has a one year low of $11.62 and a one year high of $22.27. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -549.11 and a beta of 0.81. The company's 50 day simple moving average is $17.07 and its 200-day simple moving average is $15.37.

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 firm had revenue of $471.00 million during the quarter, compared to the consensus estimate of $507.46 million. During the same period last year, the firm posted $0.32 earnings per share. The company's revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, research analysts anticipate that Air Transport Services Group, Inc. will post 0.84 EPS for the current year.

Analyst Ratings Changes

ATSG has been the topic of several recent analyst reports. Stifel Nicolaus increased their price objective 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 assumed coverage on Air Transport Services Group in a research report on Wednesday, November 13th. They set a "hold" rating for the company. Truist Financial raised their target price 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 reiterated a "hold" rating and issued 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 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.com, the company has an average rating of "Hold" and an average price target 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.