Air Transport Services Group (NASDAQ:ATSG) Shares Down 4.5%

Air Transport Services Group, Inc. (NASDAQ:ATSG) shares were down 4.5% during mid-day trading on Tuesday . The stock traded as low as $15.46 and last traded at $15.46. Approximately 18,345 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 528,093 shares. The stock had previously closed at $16.19.

Wall Street Analysts Forecast Growth

ATSG has been the subject of a number of research reports. Stifel Nicolaus raised their target price on shares of Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Truist Financial increased their price objective on Air Transport Services Group from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Air Transport Services Group has an average rating of “Hold” and a consensus price target of $18.25.

Air Transport Services Group Stock Down 2.3 %

The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $1.04 billion, a PE ratio of 25.03 and a beta of 0.82. The business’s 50-day moving average price is $15.47 and its 200-day moving average price is $14.17.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data 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 during 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 quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. As a group, equities research analysts predict that Air Transport Services Group, Inc. will post 0.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Air Transport Services Group

A number of large investors have recently added to or reduced their stakes in ATSG. Pullen Investment Management LLC lifted its stake in shares of Air Transport Services Group by 3.6% in the second quarter. Pullen Investment Management LLC now owns 18,303 shares of the transportation company’s stock worth $254,000 after buying an additional 640 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Air Transport Services Group by 2.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,804 shares of the transportation company’s stock worth $386,000 after acquiring an additional 733 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in Air Transport Services Group by 3.0% during the second quarter. SummerHaven Investment Management LLC now owns 39,667 shares of the transportation company’s stock valued at $550,000 after acquiring an additional 1,158 shares during the period. Jessup Wealth Management Inc boosted its holdings in Air Transport Services Group by 6.1% during the first quarter. Jessup Wealth Management Inc now owns 21,791 shares of the transportation company’s stock valued at $300,000 after acquiring an additional 1,254 shares during the period. Finally, Gladius Capital Management LP acquired a new stake in shares of Air Transport Services Group in the second quarter valued at about $34,000. Institutional investors own 91.81% of the company’s stock.

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.