AQR Capital Management LLC Acquires 155,984 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

AQR Capital Management LLC lifted its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 104.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 305,549 shares of the transportation company’s stock after purchasing an additional 155,984 shares during the quarter. AQR Capital Management LLC owned 0.46% of Air Transport Services Group worth $4,238,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Gladius Capital Management LP acquired a new stake in Air Transport Services Group during the 2nd quarter worth approximately $34,000. Meeder Asset Management Inc. acquired a new stake in shares of Air Transport Services Group during the second quarter worth $45,000. CWM LLC lifted its position in Air Transport Services Group by 144.4% in the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 2,480 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Air Transport Services Group in the 2nd quarter worth $58,000. Finally, Innealta Capital LLC bought a new position in Air Transport Services Group during the 2nd quarter worth about $73,000. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Trading Up 1.6 %

Air Transport Services Group stock opened at $14.89 on Friday. The company has a market cap of $978.63 million, a price-to-earnings ratio of 23.63 and a beta of 0.82. The firm has a 50-day moving average of $15.42 and a 200-day moving average of $14.24. 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 one year low of $11.62 and a one year high of $21.78.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Thursday, August 8th. The transportation company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $488.41 million for the quarter, compared to analyst estimates of $513.67 million. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. Air Transport Services Group’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 earnings per share. On average, equities analysts expect that Air Transport Services Group, Inc. will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Truist Financial upped their price target on Air Transport Services Group from $14.00 to $15.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. Three 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 stock currently has an average rating of “Hold” and a consensus target price of $18.25.

About Air Transport Services Group

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.