Geode Capital Management LLC Has $20.06 Million Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Geode Capital Management LLC grew its position in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 0.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,238,713 shares of the transportation company’s stock after purchasing an additional 1,609 shares during the quarter. Geode Capital Management LLC owned approximately 1.88% of Air Transport Services Group worth $20,059,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in Air Transport Services Group by 11.1% during the 3rd quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock valued at $4,702,000 after purchasing an additional 29,104 shares during the period. Marshall Wace LLP boosted its holdings in Air Transport Services Group by 300.8% in the 2nd quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company’s stock valued at $3,515,000 after purchasing an additional 190,202 shares during the period. Anchor Capital Management Company LLC grew its position in Air Transport Services Group by 26.4% in the 2nd 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 last quarter. FMR LLC raised its holdings in Air Transport Services Group by 74.9% in the 3rd quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock valued at $3,460,000 after acquiring an additional 91,521 shares in the last quarter. Finally, Systematic Financial Management LP bought a new stake in shares of Air Transport Services Group in the 3rd quarter worth approximately $396,000. 91.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on ATSG. Loop Capital reaffirmed a “hold” rating and set a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Truist Financial increased their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, StockNews.com began coverage on Air Transport Services Group in a research report on Monday, December 23rd. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Trading Down 0.1 %

NASDAQ:ATSG opened at $21.92 on Friday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -547.86 and a beta of 0.85. Air Transport Services Group, Inc. has a 1-year low of $11.62 and a 1-year high of $22.33. The business’s 50-day moving average price is $20.95 and its two-hundred day moving average price is $17.05. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The firm had revenue of $471.00 million during the quarter, compared to analyst estimates of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The business’s revenue was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, equities analysts expect that Air Transport Services Group, Inc. will post 0.81 earnings per share for the current year.

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.