Versor Investments LP Invests $6.76 Million in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Versor Investments LP acquired a new position in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 307,532 shares of the transportation company's stock, valued at approximately $6,760,000. Air Transport Services Group comprises about 1.2% of Versor Investments LP's investment portfolio, making the stock its 7th largest position. Versor Investments LP owned about 0.47% of Air Transport Services Group as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ATSG. River Road Asset Management LLC increased its stake in shares of Air Transport Services Group by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company's stock worth $116,085,000 after purchasing an additional 201,722 shares during the last quarter. State Street Corp increased its position in 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 worth $20,378,000 after buying an additional 13,880 shares during the last quarter. Alberta Investment Management Corp bought a new stake in shares of Air Transport Services Group in the fourth quarter valued at $10,990,000. Empowered Funds LLC raised 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 valued at $4,702,000 after buying an additional 29,104 shares during the period. Finally, New York Life Investment Management LLC purchased a new position in shares of Air Transport Services Group during the 4th quarter valued at $5,305,000. Institutional investors own 91.81% of the company's stock.

Air Transport Services Group Price Performance

ATSG stock traded down $0.01 during mid-day trading on Monday, reaching $22.32. 734,007 shares of the company traded hands, compared to its average volume of 939,680. The company has a fifty day moving average price of $22.15 and a 200-day moving average price of $19.58. Air Transport Services Group, Inc. has a 52-week low of $11.62 and a 52-week high of $22.38. The company has a market capitalization of $1.47 billion, a P/E ratio of -557.86 and a beta of 0.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.29 by $0.11. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. As a group, analysts anticipate that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ATSG. Loop Capital restated a "hold" rating and issued a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Truist Financial lifted 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, StockNews.com assumed coverage on shares of Air Transport Services Group in a research note on Tuesday, February 25th. They set a "hold" rating on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $20.60.

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.