5,105 Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG) Bought by Cetera Trust Company N.A

Cetera Trust Company N.A purchased a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 5,105 shares of the transportation company’s stock, valued at approximately $90,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Air Transport Services Group by 1.7% during the third quarter. Vanguard Group Inc. now owns 6,339,788 shares of the transportation company’s stock worth $132,311,000 after purchasing an additional 103,496 shares during the period. American Century Companies Inc. lifted its holdings in shares of Air Transport Services Group by 12.7% during the third quarter. American Century Companies Inc. now owns 1,155,841 shares of the transportation company’s stock worth $24,122,000 after purchasing an additional 130,130 shares during the period. U S Global Investors Inc. lifted its holdings in shares of Air Transport Services Group by 38.4% during the fourth quarter. U S Global Investors Inc. now owns 1,982,354 shares of the transportation company’s stock worth $34,909,000 after purchasing an additional 550,229 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Air Transport Services Group by 255.4% during the third quarter. Assenagon Asset Management S.A. now owns 71,440 shares of the transportation company’s stock worth $1,491,000 after purchasing an additional 51,339 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Air Transport Services Group by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 832,544 shares of the transportation company’s stock worth $17,375,000 after purchasing an additional 67,700 shares during the period. 91.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ATSG has been the subject of several recent research reports. Susquehanna decreased their price target on Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Truist Financial reduced their target price on Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating for the company in a report on Friday. Finally, StockNews.com downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $23.33.

Air Transport Services Group Trading Up 1.5 %

NASDAQ:ATSG opened at $12.83 on Tuesday. The company has a market capitalization of $842.67 million, a PE ratio of 17.11 and a beta of 0.85. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.25. Air Transport Services Group, Inc. has a 52-week low of $11.62 and a 52-week high of $24.96. The stock has a fifty day simple moving average of $13.11 and a 200-day simple moving average of $15.67.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, February 26th. The transportation company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.11). The firm had revenue of $517.04 million for the quarter, compared to analyst estimates of $521.04 million. Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. On average, equities research analysts expect that Air Transport Services Group, Inc. will post 0.73 earnings per share for the current fiscal year.

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.