3,273 Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG) Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. purchased a new position in Air Transport Services Group, Inc. (NASDAQ:ATSG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,273 shares of the transportation company’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Broad Bay Capital Management LP purchased a new stake in Air Transport Services Group in the fourth quarter worth $8,831,000. Dimensional Fund Advisors LP boosted its holdings in Air Transport Services Group by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,013,004 shares of the transportation company’s stock worth $70,669,000 after acquiring an additional 175,076 shares in the last quarter. PAX Financial Group LLC bought a new stake in Air Transport Services Group in the first quarter worth $668,000. IPG Investment Advisors LLC boosted its holdings in Air Transport Services Group by 159.7% in the fourth quarter. IPG Investment Advisors LLC now owns 703,477 shares of the transportation company’s stock worth $12,388,000 after acquiring an additional 432,595 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Air Transport Services Group by 82.3% in the first quarter. First Eagle Investment Management LLC now owns 487,930 shares of the transportation company’s stock worth $6,714,000 after acquiring an additional 220,300 shares in the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

Air Transport Services Group Trading Up 2.7 %

Shares of NASDAQ:ATSG opened at $15.33 on Monday. The company has a market cap of $1.01 billion, a P/E ratio of 24.33 and a beta of 0.82. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.74 and a quick ratio of 0.62. Air Transport Services Group, Inc. has a 1 year low of $11.62 and a 1 year high of $22.13. The stock’s fifty day moving average price is $15.36 and its 200-day moving average price is $13.93.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly 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. The firm had revenue of $488.41 million for the quarter, compared to the consensus estimate of $513.67 million. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. Sell-side analysts expect that Air Transport Services Group, Inc. will post 0.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on ATSG. Truist Financial boosted their target price on Air Transport Services Group from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Stifel Nicolaus boosted their target price 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 three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.67.

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.