Janney Montgomery Scott LLC Has $268,000 Stake in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Janney Montgomery Scott LLC trimmed its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 67.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,194 shares of the transportation company’s stock after selling 24,917 shares during the period. Janney Montgomery Scott LLC’s holdings in Air Transport Services Group were worth $268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Air Transport Services Group by 1,320.1% in the third quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 4,528 shares during the period. Meeder Asset Management Inc. grew its stake in Air Transport Services Group by 106.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock valued at $109,000 after buying an additional 3,471 shares during the last quarter. Cetera Trust Company N.A raised its holdings in Air Transport Services Group by 14.2% in the 3rd quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock worth $177,000 after acquiring an additional 1,355 shares during the period. Intech Investment Management LLC acquired a new position in Air Transport Services Group during the 3rd quarter worth $197,000. Finally, SG Americas Securities LLC acquired a new position in Air Transport Services Group during the 3rd quarter worth $215,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Stock Up 0.0 %

ATSG stock opened at $22.25 on Wednesday. The business’s 50-day simple moving average is $22.07 and its 200 day simple moving average is $18.91. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The company has a market cap of $1.46 billion, a PE ratio of -556.11 and a beta of 0.84. Air Transport Services Group, Inc. has a twelve month low of $11.62 and a twelve month high of $22.33.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ATSG. StockNews.com assumed coverage on Air Transport Services Group in a research note on Sunday. They issued a “hold” rating on the stock. Loop Capital reaffirmed a “hold” rating and issued a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Finally, Truist Financial upped their price target on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Air Transport Services Group currently has an average rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Company 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.