Barclays PLC Increases Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Barclays PLC grew its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 247.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,934 shares of the transportation company's stock after acquiring an additional 51,955 shares during the quarter. Barclays PLC owned about 0.11% of Air Transport Services Group worth $1,180,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ATSG. Meeder Asset Management Inc. bought a new position in shares of Air Transport Services Group during the second quarter valued at $45,000. Canada Pension Plan Investment Board purchased a new position in Air Transport Services Group in the 2nd quarter worth about $58,000. Blue Trust Inc. lifted 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 acquiring an additional 4,528 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Air Transport Services Group during the 2nd quarter valued at about $156,000. Finally, Cetera Trust Company N.A grew its stake 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 worth $177,000 after acquiring an additional 1,355 shares during the period. Hedge funds and other institutional investors own 91.81% of the company's stock.

Air Transport Services Group Stock Performance

Shares of ATSG stock traded up $0.03 during mid-day trading on Tuesday, reaching $22.09. 211,624 shares of the company's stock traded hands, compared to its average volume of 841,083. 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 firm has a market capitalization of $1.45 billion, a PE ratio of -552.11 and a beta of 0.85. Air Transport Services Group, Inc. has a 12 month low of $11.62 and a 12 month high of $22.33. The firm has a 50 day moving average price of $21.99 and a two-hundred day moving average price of $17.83.

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 (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The company had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. During the same period in the prior year, the firm posted $0.32 EPS. The business's revenue for the quarter was down 10.0% on a year-over-year basis. On average, research analysts forecast that Air Transport Services Group, Inc. will post 0.81 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on ATSG shares. Truist Financial increased their price objective on shares of 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. Loop Capital reissued a "hold" rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Finally, StockNews.com initiated coverage on Air Transport Services Group in a report on Wednesday, January 8th. They issued a "hold" rating for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.