Wolverine Asset Management LLC Takes $531,000 Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Wolverine Asset Management LLC purchased a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 24,168 shares of the transportation company's stock, valued at approximately $531,000.

Other institutional investors also recently bought and sold shares of the company. Independence Bank of Kentucky purchased a new stake in Air Transport Services Group in the 4th quarter worth $33,000. Blue Trust Inc. lifted its position 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 valued at $79,000 after acquiring an additional 4,528 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Air Transport Services Group by 106.0% in the third quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company's stock worth $109,000 after acquiring an additional 3,471 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Air Transport Services Group during the third quarter worth approximately $197,000. Finally, Creative Planning grew its holdings in shares of Air Transport Services Group by 33.2% during the third quarter. Creative Planning now owns 13,384 shares of the transportation company's stock worth $217,000 after buying an additional 3,338 shares in the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Stock Performance

NASDAQ:ATSG remained flat at $22.34 during mid-day trading on Thursday. 660,867 shares of the company traded hands, compared to its average volume of 953,594. The company has a market capitalization of $1.47 billion, a P/E ratio of -558.36 and a beta of 0.84. The firm's fifty day simple moving average is $22.14 and its 200-day simple moving average is $19.46. 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 quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

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Wall Street Analyst Weigh In

ATSG has been the subject of several recent research reports. StockNews.com began coverage on Air Transport Services Group in a report on Tuesday. They issued a "hold" rating for the company. Loop Capital reiterated a "hold" rating and issued a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Finally, Truist Financial upped their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the company a "hold" rating in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Air Transport Services Group presently has a consensus rating of "Hold" and an average price target 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.