1,470 Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG) Acquired by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. purchased a new position in Air Transport Services Group, Inc. (NASDAQ:ATSG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,470 shares of the transportation company’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quarry LP boosted its stake in Air Transport Services Group by 165.9% during the 2nd quarter. Quarry LP now owns 1,433 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 894 shares during the last quarter. Harbour Investments Inc. boosted its stake in Air Transport Services Group by 374.9% during the 4th quarter. Harbour Investments Inc. now owns 1,249 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 986 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Air Transport Services Group by 141.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,674 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 980 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Air Transport Services Group by 1,147.3% during the 4th quarter. Lazard Asset Management LLC now owns 1,372 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 1,262 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Air Transport Services Group during the 2nd quarter valued at $82,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Analyst Ratings Changes

ATSG has been the topic of several research analyst reports. Susquehanna lowered their price target on Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Truist Financial lowered their price target on Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating on the stock in a report on Friday. Finally, StockNews.com cut Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. One equities 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $23.33.

Air Transport Services Group Price Performance

Shares of Air Transport Services Group stock opened at $12.64 on Friday. Air Transport Services Group, Inc. has a one year low of $11.62 and a one year high of $24.96. The stock’s fifty day moving average is $13.11 and its 200 day moving average is $15.74. The stock has a market cap of $830.25 million, a P/E ratio of 16.85 and a beta of 0.85. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.74 and a current ratio of 0.86.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, February 26th. The transportation company reported $0.18 EPS 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 company had revenue of $517.04 million during the quarter, compared to the consensus estimate of $521.04 million. Sell-side analysts anticipate that Air Transport Services Group, Inc. will post 0.73 earnings per share for the current year.

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.