Air Transport Services Group, Inc. (NASDAQ:ATSG) Shares Bought by Cetera Trust Company N.A

Cetera Trust Company N.A lifted its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,635 shares of the transportation company’s stock after acquiring an additional 725 shares during the quarter. Cetera Trust Company N.A’s holdings in Air Transport Services Group were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in shares of Air Transport Services Group during the second quarter worth $58,000. Blue Trust Inc. boosted its position in Air Transport Services Group by 1,320.1% during the third quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock worth $79,000 after purchasing an additional 4,528 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Air Transport Services Group by 106.0% in the third quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 3,471 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Air Transport Services Group during the 2nd quarter worth $156,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Air Transport Services Group in the third quarter valued at approximately $197,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Air Transport Services Group Trading Up 0.1 %

Shares of NASDAQ:ATSG opened at $22.13 on Wednesday. The company has a 50 day moving average of $21.99 and a 200-day moving average of $18.11. 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 firm has a market cap of $1.45 billion, a P/E ratio of -552.64 and a beta of 0.85. Air Transport Services Group, Inc. has a twelve month low of $11.62 and a twelve month high of $22.33.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. During the same period in the prior year, the business earned $0.32 earnings per share. The business’s revenue was down 10.0% compared to the same quarter last year. As a group, analysts anticipate that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ATSG has been the topic of several recent analyst reports. Truist Financial upped their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. StockNews.com started coverage on Air Transport Services Group in a research report on Thursday, January 16th. They issued a “hold” rating on the stock. Finally, Loop Capital reiterated a “hold” rating and issued a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research note 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.60.

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.