Air Transport Services Group, Inc. (NASDAQ:ATSG) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 16.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 741,136 shares of the transportation company's stock after selling 151,257 shares during the period. Charles Schwab Investment Management Inc. owned about 1.13% of Air Transport Services Group worth $11,999,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gladius Capital Management LP acquired a new stake in shares of Air Transport Services Group in the 2nd quarter valued at $34,000. Meeder Asset Management Inc. bought a new position in shares of Air Transport Services Group in the 2nd quarter worth $45,000. CWM LLC increased its stake in shares of Air Transport Services Group by 144.4% in the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company's stock valued at $58,000 after acquiring an additional 2,480 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Air Transport Services Group in the 2nd quarter valued at $58,000. Finally, Blue Trust Inc. lifted its holdings in shares of 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 in the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Stock Performance

Shares of ATSG stock traded up $0.25 during trading hours on Monday, reaching $22.23. The company's stock had a trading volume of 2,027,340 shares, compared to its average volume of 654,666. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The firm's fifty day simple moving average is $19.07 and its 200 day simple moving average is $16.18. Air Transport Services Group, Inc. 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 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 positive return on equity of 3.12% and a negative net margin of 0.12%. The firm had revenue of $471.00 million during the quarter, compared to analysts' expectations of $507.46 million. During the same period in the prior year, the company posted $0.32 earnings per share. The company's revenue was down 10.0% compared to the same quarter last year. On average, research analysts expect that Air Transport Services Group, Inc. will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on ATSG. Truist Financial lifted their price target on 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. StockNews.com started coverage on Air Transport Services Group in a research note on Saturday. They set a "hold" rating for the company. Stifel Nicolaus raised their price objective on shares of Air Transport Services Group from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Finally, Loop Capital reiterated a "hold" rating and set a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $20.60.

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.