174,540 Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG) Acquired by Castleark Management LLC

Castleark Management LLC acquired a new stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 174,540 shares of the transportation company’s stock, valued at approximately $2,826,000.

Other large investors have also made changes to their positions in the company. River Road Asset Management LLC raised its holdings in shares of Air Transport Services Group by 2.9% during the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock worth $116,085,000 after purchasing an additional 201,722 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Air Transport Services Group by 14.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock worth $41,120,000 after purchasing an additional 380,958 shares during the period. American Century Companies Inc. raised its stake in shares of Air Transport Services Group by 14.8% during the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock valued at $25,855,000 after buying an additional 239,919 shares during the last quarter. State Street Corp lifted its holdings in shares of Air Transport Services Group by 1.1% in the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock valued at $20,378,000 after buying an additional 13,880 shares during the period. Finally, Anchor Capital Management Company LLC lifted its holdings in shares of Air Transport Services Group by 26.4% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after buying an additional 233,789 shares during the period. 91.81% of the stock is owned by hedge funds and other institutional investors.

Air Transport Services Group Trading Down 0.1 %

Shares of ATSG stock opened at $21.98 on Friday. The stock has a 50 day simple moving average of $19.07 and a 200-day simple moving average of $16.17. 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 market cap of $1.45 billion, a price-to-earnings ratio of -549.36 and a beta of 0.85. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68.

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 (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 earnings per share. On average, equities research analysts expect that Air Transport Services Group, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ATSG has been the subject of several recent research reports. Truist Financial lifted their price target on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 5th. StockNews.com began coverage on shares of Air Transport Services Group in a report on Saturday. They set a “hold” rating for the company. Stifel Nicolaus boosted their target price on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Loop Capital restated a “hold” rating and set a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Air Transport Services Group has a consensus rating of “Hold” and a consensus price target of $20.60.

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.