Victory Capital Management Inc. Decreases Stock Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Victory Capital Management Inc. decreased its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,705,050 shares of the transportation company's stock after selling 156,937 shares during the period. Victory Capital Management Inc. owned approximately 5.63% of Air Transport Services Group worth $59,985,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Pullen Investment Management LLC increased its stake in shares of Air Transport Services Group by 3.6% in the second quarter. Pullen Investment Management LLC now owns 18,303 shares of the transportation company's stock worth $254,000 after buying an additional 640 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Air Transport Services Group by 2.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,804 shares of the transportation company's stock worth $386,000 after buying an additional 733 shares during the period. SummerHaven Investment Management LLC increased its holdings in Air Transport Services Group by 3.0% in the second quarter. SummerHaven Investment Management LLC now owns 39,667 shares of the transportation company's stock worth $550,000 after buying an additional 1,158 shares during the last quarter. Cetera Trust Company N.A increased its holdings in Air Transport Services Group by 14.2% in the third quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company's stock worth $177,000 after buying an additional 1,355 shares during the last quarter. Finally, Gladius Capital Management LP bought a new stake in Air Transport Services Group during the second quarter worth approximately $34,000. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Air Transport Services Group Trading Up 0.0 %

Shares of ATSG traded up $0.01 during midday trading on Friday, reaching $22.04. The stock had a trading volume of 660,440 shares, compared to its average volume of 635,067. Air Transport Services Group, Inc. has a 12-month low of $11.62 and a 12-month high of $22.27. The company's 50-day moving average is $16.80 and its 200 day moving average is $15.22. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.62.

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 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $471.00 million during the quarter, compared to analysts' expectations 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 business's quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 EPS. Sell-side analysts expect that Air Transport Services Group, Inc. will post 0.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. StockNews.com started coverage on shares of Air Transport Services Group in a research note on Wednesday. They set a "hold" rating on the stock. Loop Capital reiterated 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. Truist Financial upped their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus increased their price target on Air Transport Services Group from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Monday, August 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.