Air Transport Services Group, Inc. (NASDAQ:ATSG) Short Interest Down 10.9% in October

Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 2,860,000 shares, a decline of 10.9% from the September 30th total of 3,210,000 shares. Currently, 5.6% of the shares of the stock are sold short. Based on an average trading volume of 449,200 shares, the short-interest ratio is presently 6.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Pullen Investment Management LLC lifted its holdings in shares of Air Transport Services Group by 3.6% during the 2nd quarter. Pullen Investment Management LLC now owns 18,303 shares of the transportation company's stock valued at $254,000 after buying an additional 640 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Air Transport Services Group by 2.7% in the second quarter. The Manufacturers Life Insurance Company now owns 27,804 shares of the transportation company's stock valued at $386,000 after acquiring an additional 733 shares during the last quarter. SummerHaven Investment Management LLC grew its position in Air Transport Services Group by 3.0% in the second quarter. SummerHaven Investment Management LLC now owns 39,667 shares of the transportation company's stock worth $550,000 after acquiring an additional 1,158 shares in the last quarter. Cetera Trust Company N.A increased its stake in shares of Air Transport Services Group by 14.2% during the 3rd 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. Finally, Gladius Capital Management LP bought a new position in shares of Air Transport Services Group during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 91.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ATSG shares. Truist Financial raised their price objective on shares of 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 boosted their price objective 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $18.25.

Air Transport Services Group Stock Up 1.5 %

Shares of NASDAQ ATSG traded up $0.26 during mid-day trading on Tuesday, reaching $17.46. The company had a trading volume of 466,052 shares, compared to its average volume of 517,628. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.74. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 27.52 and a beta of 0.82. The stock has a fifty day moving average of $15.76 and a two-hundred day moving average of $14.58. Air Transport Services Group has a 12-month low of $11.62 and a 12-month high of $20.79.

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