Legato Capital Management LLC Sells 31,896 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Legato Capital Management LLC decreased its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 38.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,303 shares of the transportation company’s stock after selling 31,896 shares during the period. Legato Capital Management LLC’s holdings in Air Transport Services Group were worth $1,106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Entropy Technologies LP bought a new stake in Air Transport Services Group during the 4th quarter valued at approximately $286,000. Independence Bank of Kentucky purchased a new position in shares of Air Transport Services Group in the 4th quarter valued at approximately $33,000. SG Americas Securities LLC boosted its position in shares of Air Transport Services Group by 27.1% during the fourth quarter. SG Americas Securities LLC now owns 16,863 shares of the transportation company’s stock valued at $371,000 after purchasing an additional 3,597 shares in the last quarter. Cetera Trust Company N.A grew its stake in Air Transport Services Group by 6.6% in the fourth quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock worth $256,000 after purchasing an additional 725 shares during the period. Finally, Oliver Luxxe Assets LLC grew its stake in Air Transport Services Group by 4.1% in the fourth quarter. Oliver Luxxe Assets LLC now owns 121,965 shares of the transportation company’s stock worth $2,681,000 after purchasing an additional 4,849 shares during the period. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on ATSG shares. StockNews.com began coverage on Air Transport Services Group in a research report on Sunday. They set a “hold” rating for the company. Loop Capital reissued a “hold” rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Finally, Truist Financial upped their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Air Transport Services Group presently has an average rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Trading Up 0.1 %

NASDAQ ATSG opened at $22.28 on Thursday. Air Transport Services Group, Inc. has a 12 month low of $11.62 and a 12 month high of $22.33. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The stock’s fifty day moving average price is $22.07 and its 200-day moving average price is $18.93. The stock has a market cap of $1.47 billion, a P/E ratio of -556.86 and a beta of 0.84.

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.