Air Transport Services Group Sees Unusually Large Options Volume (NASDAQ:ATSG)

Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report) saw some unusual options trading on Monday. Investors bought 2,224 call options on the stock. This represents an increase of approximately 572% compared to the typical daily volume of 331 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pullen Investment Management LLC raised its stake in shares of Air Transport Services Group by 17.2% in the third quarter. Pullen Investment Management LLC now owns 21,458 shares of the transportation company's stock worth $347,000 after purchasing an additional 3,155 shares during the last quarter. Cetera Trust Company N.A raised its stake in shares of 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 during the last quarter. Blue Trust Inc. raised its stake in shares of Air Transport Services Group by 1,320.1% in the third 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 last quarter. Creative Planning raised its stake in shares of Air Transport Services Group by 33.2% in the third quarter. Creative Planning now owns 13,384 shares of the transportation company's stock worth $217,000 after purchasing an additional 3,338 shares during the last quarter. Finally, Oliver Luxxe Assets LLC purchased a new stake in shares of Air Transport Services Group in the third quarter worth approximately $1,896,000. Institutional investors own 91.81% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on ATSG. Truist Financial upped their target price on Air Transport Services Group from $14.00 to $15.00 and gave the company a "hold" rating in a research report on Monday, August 12th. Stifel Nicolaus upped their target price on Air Transport Services Group from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Air Transport Services Group currently has an average rating of "Hold" and an average target price of $18.25.

Air Transport Services Group Stock Up 3.2 %

NASDAQ:ATSG traded up $0.54 on Monday, hitting $17.20. The stock had a trading volume of 463,265 shares, compared to its average volume of 517,877. The business's fifty day moving average is $15.72 and its 200 day moving average is $14.55. The company has a market cap of $1.13 billion, a PE ratio of 27.30 and a beta of 0.82. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 1.08. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $20.79.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The transportation company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $488.41 million for the quarter, compared to analyst estimates of $513.67 million. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. The company's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. On average, equities research analysts expect that Air Transport Services Group will post 0.84 EPS 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.