Air Transport Services Group, Inc. (NASDAQ:ATSG) Shares Acquired by Creative Planning

Creative Planning raised its position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 33.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,384 shares of the transportation company’s stock after buying an additional 3,338 shares during the quarter. Creative Planning’s holdings in Air Transport Services Group were worth $217,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Gladius Capital Management LP acquired a new stake in shares of Air Transport Services Group during the second quarter worth $34,000. Meeder Asset Management Inc. bought a new stake in shares of Air Transport Services Group during the 2nd quarter valued at about $45,000. CWM LLC raised its stake in Air Transport Services Group by 144.4% during the second quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock worth $58,000 after acquiring an additional 2,480 shares during the period. Canada Pension Plan Investment Board bought a new position in Air Transport Services Group in the second quarter worth about $58,000. Finally, Innealta Capital LLC acquired a new position in Air Transport Services Group in the second quarter valued at approximately $73,000. Institutional investors own 91.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ATSG has been the subject of a number of recent research reports. Truist Financial upped their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Stifel Nicolaus upped their price target on shares of Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Loop Capital reiterated a “hold” rating and issued a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Stock Down 0.1 %

ATSG stock opened at $22.01 on Monday. The firm has a market cap of $1.45 billion, a PE ratio of 88.04 and a beta of 0.81. Air Transport Services Group, Inc. has a 1 year low of $11.62 and a 1 year high of $22.27. The company has a fifty day simple moving average of $16.44 and a 200 day simple moving average of $15.04. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 1.08.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The firm had revenue of $471.00 million during the quarter, compared to analyst estimates of $507.46 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 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Sell-side analysts anticipate that Air Transport Services Group, Inc. will post 0.84 EPS 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.