Barclays PLC Has $1.18 Million Stock Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Barclays PLC increased its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 247.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 72,934 shares of the transportation company’s stock after purchasing an additional 51,955 shares during the quarter. Barclays PLC owned approximately 0.11% of Air Transport Services Group worth $1,180,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ATSG. River Road Asset Management LLC raised its position in shares of Air Transport Services Group by 2.9% during the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after buying an additional 201,722 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Air Transport Services Group by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after acquiring an additional 380,958 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Air Transport Services Group by 14.8% during the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock worth $25,855,000 after purchasing an additional 239,919 shares in the last quarter. State Street Corp raised its holdings in shares of Air Transport Services Group by 1.1% in the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock worth $20,378,000 after buying an additional 13,880 shares in the last quarter. Finally, Anchor Capital Management Company LLC grew its position 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 valued at $15,534,000 after acquiring an additional 233,789 shares during the period. Institutional investors and hedge funds own 91.81% of the company’s stock.

Air Transport Services Group Price Performance

NASDAQ ATSG opened at $22.06 on Tuesday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -551.36 and a beta of 0.85. Air Transport Services Group, Inc. has a 52-week low of $11.62 and a 52-week high of $22.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The business has a 50 day simple moving average of $21.99 and a 200 day simple moving average of $17.77.

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

Wall Street Analyst Weigh In

ATSG has been the topic of a number of research analyst reports. StockNews.com began coverage on Air Transport Services Group in a research report on Wednesday, January 8th. They set a “hold” rating on the stock. Loop Capital reiterated a “hold” rating and issued a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Finally, Truist Financial upped their target price on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.60.

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.