Air Transport Services Group, Inc. (NASDAQ:ATSG) Short Interest Update

Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 2,620,000 shares, a decline of 5.4% from the October 31st total of 2,770,000 shares. Currently, 5.1% of the company's shares are sold short. Based on an average daily trading volume, of 911,500 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Investors Weigh In On Air Transport Services Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATSG. First Hawaiian Bank bought a new stake in shares of Air Transport Services Group in the 2nd quarter worth $412,000. CWM LLC boosted its position in shares of Air Transport Services Group by 144.4% during the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company's stock valued at $58,000 after purchasing an additional 2,480 shares in the last quarter. Gladius Capital Management LP acquired a new position in shares of Air Transport Services Group in the 2nd quarter worth approximately $34,000. SummerHaven Investment Management LLC raised its holdings in shares of Air Transport Services Group by 3.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 39,667 shares of the transportation company's stock worth $550,000 after purchasing an additional 1,158 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Air Transport Services Group by 5.8% during the second quarter. Bank of New York Mellon Corp now owns 274,112 shares of the transportation company's stock valued at $3,802,000 after purchasing an additional 14,957 shares during the last quarter. Institutional investors own 91.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ATSG shares. StockNews.com initiated coverage on Air Transport Services Group in a report on Friday. They set a "hold" rating on the stock. Truist Financial boosted their target price on shares of 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. Stifel Nicolaus raised their price target on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a "buy" rating in a report on Monday, August 12th. Finally, Loop Capital reissued a "hold" rating and issued a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $20.60.

Air Transport Services Group Stock Down 0.3 %

ATSG stock traded down $0.06 during trading on Tuesday, hitting $21.98. 672,028 shares of the company's stock traded hands, compared to its average volume of 1,241,220. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.27. The stock has a fifty day moving average price of $18.54 and a two-hundred day moving average price of $15.97.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last announced its quarterly 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). The firm had revenue of $471.00 million for the quarter, compared to analyst estimates 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 business's revenue was down 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.32 EPS. Research analysts predict that Air Transport Services Group will post 0.81 earnings per share 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.