Hotchkis & Wiley Capital Management LLC Invests $3.41 Million in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Hotchkis & Wiley Capital Management LLC acquired a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 210,700 shares of the transportation company's stock, valued at approximately $3,411,000. Hotchkis & Wiley Capital Management LLC owned about 0.32% of Air Transport Services Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ATSG. River Road Asset Management LLC increased its position in shares of Air Transport Services Group by 2.9% during the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company's stock valued at $116,085,000 after acquiring an additional 201,722 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted 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 worth $41,120,000 after purchasing an additional 380,958 shares during the period. American Century Companies Inc. increased its holdings in Air Transport Services Group by 14.8% in 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. Anchor Capital Management Company LLC raised its position in Air Transport Services Group by 26.4% in the second 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. Finally, First Eagle Investment Management LLC boosted its position in shares of Air Transport Services Group by 3.2% during the second quarter. First Eagle Investment Management LLC now owns 503,330 shares of the transportation company's stock worth $6,981,000 after buying an additional 15,400 shares during the period. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ATSG. 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 report on Tuesday, November 5th. StockNews.com began coverage on shares of Air Transport Services Group in a research note on Saturday. They issued a "hold" rating for the company. Truist Financial lifted their target price on Air Transport Services Group from $15.00 to $22.50 and gave the company a "hold" rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus upped their price target on Air Transport Services Group from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $20.60.

Air Transport Services Group Stock Down 0.1 %

NASDAQ:ATSG traded down $0.02 during trading hours on Friday, hitting $21.98. The company's stock had a trading volume of 625,328 shares, compared to its average volume of 1,019,200. Air Transport Services Group, Inc. has a 52-week low of $11.62 and a 52-week high of $22.27. The stock has a market capitalization of $1.45 billion, a P/E ratio of -549.36 and a beta of 0.85. The stock has a fifty day moving average of $19.07 and a 200-day moving average of $16.17. 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 issued its quarterly earnings results 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). The business had revenue of $471.00 million during the quarter, compared to analyst estimates of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The company's revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. On average, equities analysts forecast that Air Transport Services Group, Inc. will post 0.81 earnings per share for the current 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.