Barclays PLC Grows Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

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

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Air Transport Services Group by 5.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 274,112 shares of the transportation company’s stock valued at $3,802,000 after acquiring an additional 14,957 shares during the period. American Century Companies Inc. raised its position in Air Transport Services Group by 14.8% in the second quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock valued at $25,855,000 after purchasing an additional 239,919 shares during the period. Meeder Asset Management Inc. acquired a new position in Air Transport Services Group during the second quarter worth $45,000. Hsbc Holdings PLC purchased a new position in shares of Air Transport Services Group during the second quarter worth $156,000. Finally, First Eagle Investment Management LLC grew its stake in shares of Air Transport Services Group by 3.2% in the second quarter. First Eagle Investment Management LLC now owns 503,330 shares of the transportation company’s stock valued at $6,981,000 after buying an additional 15,400 shares in the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Air Transport Services Group Stock Performance

Shares of ATSG opened at $21.92 on Monday. The stock has a 50-day simple moving average of $20.95 and a 200-day simple moving average of $17.11. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. Air Transport Services Group, Inc. has a 1 year low of $11.62 and a 1 year high of $22.33. The stock has a market capitalization of $1.44 billion, a PE ratio of -547.86 and a beta of 0.85.

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