Fmr LLC Boosts Stake in Air Transport Services Group, Inc. (NASDAQ:ATSG)

FMR LLC increased its position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 74.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,730 shares of the transportation company's stock after purchasing an additional 91,521 shares during the quarter. FMR LLC owned 0.33% of Air Transport Services Group worth $3,460,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Air Transport Services Group during the 2nd quarter valued at approximately $45,000. CWM LLC lifted its position in Air Transport Services Group by 144.4% during the second quarter. CWM LLC now owns 4,197 shares of the transportation company's stock valued at $58,000 after purchasing an additional 2,480 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Air Transport Services Group in the second quarter valued at $58,000. Blue Trust Inc. grew its position 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 worth $79,000 after purchasing an additional 4,528 shares during the period. Finally, Innealta Capital LLC purchased a new position in shares of Air Transport Services Group during the 2nd quarter valued at about $73,000. Hedge funds and other institutional investors own 91.81% of the company's stock.

Air Transport Services Group Price Performance

ATSG traded down $0.04 during trading on Friday, hitting $21.90. The company's stock had a trading volume of 3,903,261 shares, compared to its average volume of 686,157. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -547.36 and a beta of 0.85. Air Transport Services Group, Inc. has a twelve month low of $11.62 and a twelve month high of $22.33. The business's fifty day simple moving average is $19.73 and its 200 day simple moving average is $16.46. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $471.00 million during the quarter, compared to analyst estimates 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 company's quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. On average, equities research analysts forecast that Air Transport Services Group, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ATSG shares. Loop Capital reaffirmed a "hold" rating and set a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Truist Financial raised their price objective on shares of 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, StockNews.com began coverage on shares of Air Transport Services Group in a report on Saturday, December 7th. They set 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $20.60.

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.