SG Americas Securities LLC Makes New Investment in Air Transport Services Group, Inc. (NASDAQ:ATSG)

SG Americas Securities LLC acquired a new position in Air Transport Services Group, Inc. (NASDAQ:ATSG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,266 shares of the transportation company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PAX Financial Group LLC purchased a new stake in Air Transport Services Group in the first quarter worth about $668,000. Marshall Wace LLP grew its holdings in Air Transport Services Group by 300.8% in the second quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company’s stock worth $3,515,000 after purchasing an additional 190,202 shares during the period. Anchor Capital Management Company LLC grew its holdings in Air Transport Services Group by 26.4% in the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock worth $15,534,000 after purchasing an additional 233,789 shares during the period. First Eagle Investment Management LLC grew 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 purchasing an additional 220,300 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Air Transport Services Group by 14.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after buying an additional 380,958 shares during the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Trading Down 0.1 %

Shares of ATSG stock opened at $16.19 on Wednesday. Air Transport Services Group, Inc. has a 12-month low of $11.62 and a 12-month high of $20.79. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 1.08. The firm’s 50 day moving average is $15.66 and its 200 day moving average is $14.48. The stock has a market capitalization of $1.06 billion, a P/E ratio of 25.70 and a beta of 0.82.

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

Wall Street Analysts Forecast Growth

ATSG has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 12th. Truist Financial increased their price target on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a “hold” rating in a report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.