Barclays PLC Acquires 51,955 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Barclays PLC increased its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 247.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,934 shares of the transportation company's stock after purchasing an additional 51,955 shares during the quarter. Barclays PLC owned approximately 0.11% of Air Transport Services Group worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new stake in shares of Air Transport Services Group during the second quarter valued at approximately $45,000. Canada Pension Plan Investment Board purchased a new position in Air Transport Services Group during the 2nd quarter worth approximately $58,000. Blue Trust Inc. raised its stake in Air Transport Services Group by 1,320.1% during the 3rd quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company's stock valued at $79,000 after purchasing an additional 4,528 shares during the period. Cetera Trust Company N.A lifted its holdings in shares of 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 valued at $177,000 after purchasing an additional 1,355 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Air Transport Services Group in the second quarter worth $156,000. Institutional investors and hedge funds own 91.81% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com assumed coverage on Air Transport Services Group in a report on Monday, December 23rd. They issued a "hold" rating on the stock. Loop Capital reiterated 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 note on Tuesday, November 5th. Finally, Truist Financial lifted 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 note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Air Transport Services Group presently has an average rating of "Hold" and an average target price of $20.60.

Air Transport Services Group Stock Performance

Air Transport Services Group stock traded up $0.05 during mid-day trading on Monday, reaching $21.97. The company had a trading volume of 2,036,916 shares, compared to its average volume of 716,028. 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 firm has a market cap of $1.44 billion, a price-to-earnings ratio of -549.11 and a beta of 0.85. The company has a 50 day moving average of $20.95 and a 200-day moving average of $17.11. Air Transport Services Group, Inc. has a 52 week low of $11.62 and a 52 week high of $22.33.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last announced its quarterly earnings data 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). Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The firm had revenue of $471.00 million for the quarter, compared to analyst estimates of $507.46 million. During the same period in the previous year, the business posted $0.32 EPS. Air Transport Services Group's revenue for the quarter was down 10.0% compared to the same quarter last year. On average, sell-side analysts expect that Air Transport Services Group, Inc. will post 0.81 EPS 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.