BNP Paribas Financial Markets Sells 42,926 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

BNP Paribas Financial Markets lowered its holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 64.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,835 shares of the transportation company's stock after selling 42,926 shares during the period. BNP Paribas Financial Markets' holdings in Air Transport Services Group were worth $386,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. River Road Asset Management LLC boosted its stake in shares of Air Transport Services Group by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company's stock worth $116,085,000 after acquiring an additional 201,722 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised 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 worth $41,120,000 after acquiring an additional 380,958 shares in the last quarter. American Century Companies Inc. raised its holdings in Air Transport Services Group by 14.8% during the second quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company's stock valued at $25,855,000 after buying an additional 239,919 shares in the last quarter. Anchor Capital Management Company LLC increased 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 purchasing an additional 233,789 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Air Transport Services Group by 3.2% in the second quarter. First Eagle Investment Management LLC now owns 503,330 shares of the transportation company's stock worth $6,981,000 after purchasing an additional 15,400 shares during the period. Institutional investors own 91.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ATSG. StockNews.com began coverage on shares of Air Transport Services Group in a research note on Sunday. They issued a "hold" rating for the company. Loop Capital restated 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 report on Tuesday, November 5th. Finally, Truist Financial upped their target price on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a "hold" rating in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $20.60.

Air Transport Services Group Trading Down 0.2 %

Shares of ATSG stock traded down $0.04 on Friday, hitting $21.90. The stock had a trading volume of 3,903,261 shares, compared to its average volume of 686,157. The firm has a market cap of $1.44 billion, a P/E ratio of -547.36 and a beta of 0.85. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. Air Transport Services Group, Inc. has a twelve month low of $11.62 and a twelve month high of $22.33. The company has a fifty day moving average price of $19.73 and a two-hundred day moving average price of $16.46.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) 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 business had revenue of $471.00 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share. As a group, analysts forecast that Air Transport Services Group, Inc. will post 0.81 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.