Air Transport Services Group, Inc. (NASDAQ:ATSG) Position Boosted by Readystate Asset Management LP

Readystate Asset Management LP grew its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 141.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,711 shares of the transportation company’s stock after purchasing an additional 47,827 shares during the period. Readystate Asset Management LP owned approximately 0.13% of Air Transport Services Group worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. CWM LLC boosted its holdings in shares of Air Transport Services Group by 53.9% in the fourth quarter. CWM LLC now owns 2,191 shares of the transportation company’s stock worth $39,000 after buying an additional 767 shares during the period. Credit Suisse AG boosted its holdings in shares of Air Transport Services Group by 7.1% in the third quarter. Credit Suisse AG now owns 12,133 shares of the transportation company’s stock worth $292,000 after buying an additional 803 shares during the period. Quarry LP boosted its holdings in shares of Air Transport Services Group by 165.9% in the second quarter. Quarry LP now owns 1,433 shares of the transportation company’s stock worth $27,000 after buying an additional 894 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Air Transport Services Group by 2.3% in the fourth quarter. New York State Common Retirement Fund now owns 43,567 shares of the transportation company’s stock worth $767,000 after buying an additional 960 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Air Transport Services Group by 141.2% in the first quarter. Tower Research Capital LLC TRC now owns 1,674 shares of the transportation company’s stock worth $35,000 after buying an additional 980 shares during the period. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Stock Up 1.3 %

ATSG traded up $0.16 during midday trading on Thursday, hitting $12.61. 315,438 shares of the company’s stock traded hands, compared to its average volume of 640,604. The company has a market cap of $828.22 million, a PE ratio of 16.81 and a beta of 0.85. The stock’s fifty day simple moving average is $13.16 and its 200-day simple moving average is $15.79. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.86 and a quick ratio of 0.74. Air Transport Services Group, Inc. has a one year low of $11.62 and a one year high of $24.96.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on ATSG. Susquehanna decreased their target price on shares of 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. StockNews.com cut shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. Finally, Truist Financial raised their price target on shares of Air Transport Services Group from $16.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $24.33.

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.