Air Transport Services Group, Inc. (NASDAQ:ATSG) Position Reduced by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its position in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 67.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,194 shares of the transportation company's stock after selling 24,917 shares during the period. Janney Montgomery Scott LLC's holdings in Air Transport Services Group were worth $268,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. boosted 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 last quarter. Meeder Asset Management Inc. raised its stake in shares of Air Transport Services Group by 106.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company's stock valued at $109,000 after purchasing an additional 3,471 shares in the last quarter. Cetera Trust Company N.A grew its stake in 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 purchasing an additional 1,355 shares in the last quarter. Intech Investment Management LLC acquired a new position in Air Transport Services Group in the third quarter worth about $197,000. Finally, SG Americas Securities LLC acquired a new position in Air Transport Services Group in the third quarter worth about $215,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Price Performance

Shares of Air Transport Services Group stock traded down $0.02 during trading on Friday, hitting $22.24. The stock had a trading volume of 297,682 shares, compared to its average volume of 899,971. 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 has a market cap of $1.46 billion, a P/E ratio of -555.86 and a beta of 0.84. The business has a fifty day moving average of $22.08 and a two-hundred day moving average of $19.02. Air Transport Services Group, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $22.33.

Analysts Set New Price Targets

Several research analysts have recently commented on ATSG shares. Loop Capital reiterated a "hold" rating and issued a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Truist Financial boosted their price target 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, StockNews.com assumed coverage on Air Transport Services Group in a report on Sunday, February 9th. They issued a "hold" rating for the company. Four 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 company currently has an average rating of "Hold" and an average target price 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.