Short Interest in Air Transport Services Group, Inc. (NASDAQ:ATSG) Decreases By 14.0%

Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 2,210,000 shares, a decrease of 14.0% from the November 30th total of 2,570,000 shares. Approximately 4.3% of the company's stock are short sold. Based on an average daily volume of 1,190,000 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Trading of Air Transport Services Group

Institutional investors and hedge funds have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Air Transport Services Group by 14.7% in 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 purchasing an additional 380,958 shares during the last quarter. American Century Companies Inc. boosted its holdings 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 last quarter. Anchor Capital Management Company LLC grew its position in Air Transport Services Group by 26.4% during the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company's stock valued at $15,534,000 after buying an additional 233,789 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in Air Transport Services Group during the third quarter worth about $3,411,000. Finally, River Road Asset Management LLC raised its position in Air Transport Services Group by 2.9% in the third 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 during the period. 91.81% of the stock is owned by hedge funds and other institutional investors.

Air Transport Services Group Stock Down 0.1 %

NASDAQ:ATSG traded down $0.03 during trading hours on Friday, hitting $21.92. 1,225,582 shares of the company traded hands, compared to its average volume of 710,712. 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 company has a market cap of $1.44 billion, a PE ratio of -547.86 and a beta of 0.85. The firm's 50-day simple moving average is $20.95 and its 200-day simple moving average is $17.08. Air Transport Services Group has a one year low of $11.62 and a one year high of $22.33.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The firm had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The firm's revenue for the quarter was down 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 earnings per share. Equities analysts predict that Air Transport Services Group will post 0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ATSG. Loop Capital restated a "hold" rating and issued a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. StockNews.com assumed coverage on Air Transport Services Group in a research note on Monday, December 23rd. They issued a "hold" rating for the company. Finally, Truist Financial increased their target price on Air Transport Services Group from $15.00 to $22.50 and gave the stock a "hold" rating in a 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $20.60.

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.