Oliver Luxxe Assets LLC Acquires 4,849 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Oliver Luxxe Assets LLC lifted its holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,965 shares of the transportation company’s stock after acquiring an additional 4,849 shares during the period. Oliver Luxxe Assets LLC’s holdings in Air Transport Services Group were worth $2,681,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATSG. River Road Asset Management LLC boosted its stake in shares of Air Transport Services Group by 2.9% during the 3rd 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 period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Air Transport Services Group by 14.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after buying an additional 380,958 shares during the period. American Century Companies Inc. boosted its position in shares of Air Transport Services Group by 14.8% during the second 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 period. State Street Corp grew its stake in shares of Air Transport Services Group by 1.1% during the third 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 last quarter. Finally, Anchor Capital Management Company LLC raised its holdings in shares of Air Transport Services Group by 26.4% in the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock worth $15,534,000 after buying an additional 233,789 shares during the period. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ATSG. Truist Financial boosted their target price 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 began coverage on shares of Air Transport Services Group in a research note on Tuesday, December 31st. They issued a “hold” rating for the company. Finally, 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 report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Stock Down 0.0 %

Air Transport Services Group stock traded down $0.01 during trading hours on Monday, reaching $21.99. The stock had a trading volume of 807,493 shares, compared to its average volume of 1,010,861. Air Transport Services Group, Inc. has a 52 week low of $11.62 and a 52 week high of $22.33. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -549.61 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. The business’s 50 day moving average price is $21.51 and its 200-day moving average price is $17.41.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results 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). 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 in the prior year, the firm posted $0.32 earnings per share. Air Transport Services Group’s revenue for the quarter was down 10.0% compared to the same quarter last year. Sell-side analysts anticipate that Air Transport Services Group, Inc. will post 0.81 EPS for the current year.

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.