U S Global Investors Inc. Has $21.87 Million Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

U S Global Investors Inc. decreased its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 25.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,350,897 shares of the transportation company's stock after selling 468,453 shares during the period. Air Transport Services Group accounts for approximately 2.1% of U S Global Investors Inc.'s holdings, making the stock its 15th biggest holding. U S Global Investors Inc. owned about 2.06% of Air Transport Services Group worth $21,871,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC lifted its position in 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 valued at $41,120,000 after purchasing an additional 380,958 shares during the period. American Century Companies Inc. lifted its position in Air Transport Services Group by 14.8% during 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 period. Anchor Capital Management Company LLC lifted its position in Air Transport Services Group by 26.4% during the 2nd 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. First Eagle Investment Management LLC lifted its position in Air Transport Services Group by 3.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 503,330 shares of the transportation company's stock valued at $6,981,000 after purchasing an additional 15,400 shares during the period. Finally, AQR Capital Management LLC lifted its position in Air Transport Services Group by 104.3% during the 2nd quarter. AQR Capital Management LLC now owns 305,549 shares of the transportation company's stock valued at $4,238,000 after purchasing an additional 155,984 shares during the period. Institutional investors and hedge funds own 91.81% of the company's stock.

Air Transport Services Group Trading Down 0.1 %

Shares of ATSG stock traded down $0.01 on Tuesday, reaching $16.19. The company had a trading volume of 131,928 shares, compared to its average volume of 520,206. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 1.08. The stock has a market cap of $1.06 billion, a PE ratio of 25.63 and a beta of 0.82. The company has a 50-day moving average of $15.65 and a 200-day moving average of $14.46. Air Transport Services Group, Inc. 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 posted its earnings results on Thursday, August 8th. The transportation company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. The business had revenue of $488.41 million during the quarter, compared to analysts' expectations of $513.67 million. During the same period in the prior year, the business earned $0.57 EPS. Air Transport Services Group's revenue for the quarter was down 7.7% compared to the same quarter last year. On average, equities analysts forecast that Air Transport Services Group, Inc. will post 0.84 earnings per share for the current year.

Analysts Set New Price Targets

ATSG has been the topic of a number of research reports. Truist Financial upped their target price 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 upped their price target on Air Transport Services Group from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $18.25.

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.