Air Transport Services Group (NASDAQ:ATSG) Sees Unusually-High Trading Volume – What’s Next?

Air Transport Services Group, Inc. (NASDAQ:ATSG) saw an uptick in trading volume on Friday . 1,036,664 shares traded hands during trading, an increase of 22% from the previous session’s volume of 852,885 shares.The stock last traded at $22.28 and had previously closed at $22.27.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ATSG. Loop Capital reissued a “hold” rating and set a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. StockNews.com began coverage on shares of Air Transport Services Group in a report on Friday, January 24th. They issued a “hold” rating for the company. Finally, Truist Financial boosted 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. Four investment analysts have rated the stock with a hold rating and two 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 $20.60.

Air Transport Services Group Trading Down 0.2 %

The company’s 50 day moving average price is $22.03 and its two-hundred day moving average price is $18.50. The firm has a market cap of $1.46 billion, a PE ratio of -555.74 and a beta of 0.85. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

Air Transport Services Group (NASDAQ:ATSG) last posted 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 $0.17 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 period last year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Air Transport Services Group, Inc. will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Air Transport Services Group

A number of large investors have recently bought and sold shares of the business. Hsbc Holdings PLC bought a new stake in shares of Air Transport Services Group during the second quarter worth $156,000. Sei Investments Co. increased its stake in shares of Air Transport Services Group by 28.5% during the second quarter. Sei Investments Co. now owns 138,369 shares of the transportation company’s stock valued at $1,919,000 after buying an additional 30,720 shares during the period. Marshall Wace LLP raised its holdings in shares of Air Transport Services Group by 300.8% in the second quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company’s stock valued at $3,515,000 after acquiring an additional 190,202 shares in the last quarter. AQR Capital Management LLC lifted its stake in Air Transport Services Group by 104.3% in the second quarter. AQR Capital Management LLC now owns 305,549 shares of the transportation company’s stock worth $4,238,000 after acquiring an additional 155,984 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings 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 in the last quarter. Hedge funds and other 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.