Air Transport Services Group, Inc. (NASDAQ:ATSG) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lowered its position in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 27.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 772,381 shares of the transportation company's stock after selling 298,739 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 1.17% of Air Transport Services Group worth $12,505,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ATSG. Empowered Funds LLC lifted its stake in shares of Air Transport Services Group by 11.1% during the 3rd quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company's stock worth $4,702,000 after purchasing an additional 29,104 shares during the period. Marshall Wace LLP raised its position in shares of Air Transport Services Group by 300.8% in the 2nd quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company's stock worth $3,515,000 after buying an additional 190,202 shares during the period. Anchor Capital Management Company LLC raised its position in shares of Air Transport Services Group by 26.4% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company's stock worth $15,534,000 after buying an additional 233,789 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Air Transport Services Group by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company's stock worth $41,120,000 after buying an additional 380,958 shares during the period. Finally, American Century Companies Inc. raised its position in shares of 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 buying an additional 239,919 shares during the period. Institutional investors and hedge funds own 91.81% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on ATSG shares. StockNews.com started coverage on Air Transport Services Group in a research report on Thursday. They issued a "hold" rating on the stock. Truist Financial raised their price objective on 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. Stifel Nicolaus raised 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. Finally, Loop Capital restated a "hold" rating and set a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Air Transport Services Group has an average rating of "Hold" and an average price target of $20.60.

Air Transport Services Group Price Performance

Shares of Air Transport Services Group stock remained flat at $21.96 during trading hours on Friday. The stock had a trading volume of 610,433 shares, compared to its average volume of 646,380. The stock has a fifty day moving average of $17.64 and a 200 day moving average of $15.58. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The stock has a market cap of $1.44 billion, a P/E ratio of -549.25 and a beta of 0.81. 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 - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $471.00 million during 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 firm's revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. As a group, equities research analysts predict that Air Transport Services Group, Inc. will post 0.84 EPS for the current year.

Air Transport Services Group Company 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.