241,348 Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG) Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC purchased a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 241,348 shares of the transportation company's stock, valued at approximately $5,305,000. New York Life Investment Management LLC owned 0.37% of Air Transport Services Group at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. River Road Asset Management LLC raised its stake 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 buying an additional 201,722 shares during the period. State Street Corp raised its stake in Air Transport Services Group by 1.1% in the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company's stock valued at $20,378,000 after acquiring an additional 13,880 shares during the period. Alberta Investment Management Corp purchased a new stake in Air Transport Services Group during the fourth quarter valued at about $10,990,000. Empowered Funds LLC increased its stake 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 worth $4,702,000 after purchasing an additional 29,104 shares in the last quarter. Finally, Phocas Financial Corp. raised its position in shares of Air Transport Services Group by 49.4% in the third quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company's stock valued at $3,611,000 after purchasing an additional 73,752 shares during the period. 91.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ATSG. Truist Financial lifted their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a "hold" rating in a research note on Tuesday, November 5th. 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 report on Tuesday, November 5th. Finally, StockNews.com began coverage on Air Transport Services Group in a report on Tuesday, February 25th. They set a "hold" rating for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $20.60.

Air Transport Services Group Trading Down 0.1 %

ATSG stock traded down $0.03 during midday trading on Tuesday, hitting $22.30. The company had a trading volume of 1,102,282 shares, compared to its average volume of 943,219. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. Air Transport Services Group, Inc. has a 52 week low of $11.62 and a 52 week high of $22.38. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -557.24 and a beta of 0.84. The stock's 50 day moving average price is $22.16 and its 200 day moving average price is $19.63.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.05. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. As a group, equities research analysts expect that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current fiscal year.

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.