Legato Capital Management LLC Lowers Stock Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Legato Capital Management LLC lowered its position in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 38.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,303 shares of the transportation company's stock after selling 31,896 shares during the quarter. Legato Capital Management LLC owned about 0.08% of Air Transport Services Group worth $1,106,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. River Road Asset Management LLC grew its holdings in shares of Air Transport Services Group by 2.9% in 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 purchasing an additional 201,722 shares during the period. State Street Corp grew its holdings in shares of Air Transport Services Group by 1.1% in the third quarter. State Street Corp now owns 1,258,673 shares of the transportation company's stock valued at $20,378,000 after purchasing an additional 13,880 shares during the period. Empowered Funds LLC grew its holdings in shares of Air Transport Services Group by 11.1% in the third quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company's stock valued at $4,702,000 after purchasing an additional 29,104 shares during the period. Phocas Financial Corp. boosted its stake in Air Transport Services Group by 49.4% during the third quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company's stock worth $3,611,000 after buying an additional 73,752 shares during the period. Finally, FMR LLC boosted its stake in Air Transport Services Group by 74.9% during the third quarter. FMR LLC now owns 213,730 shares of the transportation company's stock worth $3,460,000 after buying an additional 91,521 shares during the period. Hedge funds and other institutional investors own 91.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Air Transport Services Group in a research note on Sunday, February 9th. They set a "hold" rating for the company. Truist Financial increased their target price 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, Loop Capital reaffirmed a "hold" rating and set a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.60.

Air Transport Services Group Stock Down 0.1 %

Shares of ATSG traded down $0.02 during mid-day trading on Friday, hitting $22.24. 297,682 shares of the company's stock were exchanged, compared to its average volume of 899,971. The company has a market cap of $1.46 billion, a price-to-earnings ratio of -555.86 and a beta of 0.84. Air Transport Services Group, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $22.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The stock's 50-day moving average is $22.08 and its 200-day moving average is $19.02.

Air Transport Services Group 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.