Empowered Funds LLC Purchases 29,104 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Empowered Funds LLC boosted its holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 11.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 290,423 shares of the transportation company's stock after buying an additional 29,104 shares during the quarter. Empowered Funds LLC owned 0.44% of Air Transport Services Group worth $4,702,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. PAX Financial Group LLC bought a new stake in shares of Air Transport Services Group in the first quarter worth $668,000. Marshall Wace LLP boosted its position in Air Transport Services Group by 300.8% in the second quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company's stock worth $3,515,000 after purchasing an additional 190,202 shares during the last quarter. Anchor Capital Management Company LLC grew its stake in shares of Air Transport Services Group by 26.4% during the 2nd quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company's stock valued at $15,534,000 after purchasing an additional 233,789 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Air Transport Services Group by 14.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company's stock valued at $41,120,000 after purchasing an additional 380,958 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Air Transport Services Group by 14.8% during the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company's stock valued at $25,855,000 after purchasing an additional 239,919 shares during the last quarter. Institutional investors own 91.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Loop Capital restated a "hold" rating and set a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. StockNews.com began coverage on shares of Air Transport Services Group in a research report on Wednesday, November 13th. They set a "hold" rating for the company. Truist Financial raised their target price on Air Transport Services Group from $15.00 to $22.50 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus boosted their price target on Air Transport Services Group from $23.00 to $25.00 and gave the company a "buy" rating in a report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Air Transport Services Group presently has a consensus rating of "Hold" and an average target price of $20.60.

Air Transport Services Group Price Performance

ATSG stock traded down $0.05 during trading on Monday, reaching $21.97. The company's stock had a trading volume of 2,278,147 shares, compared to its average volume of 644,514. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The company's fifty day moving average is $17.07 and its 200-day moving average is $15.37. The company has a market capitalization of $1.44 billion, a P/E ratio of -549.25 and a beta of 0.81. Air Transport Services Group, Inc. has a 1 year low of $11.62 and a 1 year high of $22.27.

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 business had revenue of $471.00 million for the quarter, compared to analysts' expectations of $507.46 million. During the same quarter in the prior year, the business posted $0.32 EPS. The business's revenue for the quarter was down 10.0% compared to the same quarter last year. On average, research analysts expect that Air Transport Services Group, Inc. will post 0.84 earnings per share for the current fiscal 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.