Cwm LLC Increases Stake in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Cwm LLC increased its position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 53.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,191 shares of the transportation company’s stock after purchasing an additional 767 shares during the period. Cwm LLC’s holdings in Air Transport Services Group were worth $39,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Air Transport Services Group by 1.7% during the third quarter. Vanguard Group Inc. now owns 6,339,788 shares of the transportation company’s stock valued at $132,311,000 after buying an additional 103,496 shares during the last quarter. American Century Companies Inc. grew its position in Air Transport Services Group by 12.7% in the 3rd quarter. American Century Companies Inc. now owns 1,155,841 shares of the transportation company’s stock valued at $24,122,000 after acquiring an additional 130,130 shares during the last quarter. U S Global Investors Inc. increased its stake in Air Transport Services Group by 38.4% in the fourth quarter. U S Global Investors Inc. now owns 1,982,354 shares of the transportation company’s stock worth $34,909,000 after purchasing an additional 550,229 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Air Transport Services Group by 255.4% during the third quarter. Assenagon Asset Management S.A. now owns 71,440 shares of the transportation company’s stock worth $1,491,000 after purchasing an additional 51,339 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Air Transport Services Group by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 832,544 shares of the transportation company’s stock valued at $17,375,000 after buying an additional 67,700 shares during the period. 91.81% of the stock is currently owned by institutional investors.

Air Transport Services Group Trading Up 1.6 %

ATSG opened at $14.82 on Friday. Air Transport Services Group, Inc. has a 12 month low of $11.62 and a 12 month high of $24.96. The stock has a fifty day moving average price of $12.96 and a 200-day moving average price of $15.01. The firm has a market cap of $973.44 million, a price-to-earnings ratio of 23.52 and a beta of 0.85. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.25.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, May 6th. The transportation company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $485.50 million during the quarter, compared to analyst estimates of $479.77 million. Air Transport Services Group had a net margin of 2.91% and a return on equity of 7.93%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. As a group, equities research analysts anticipate that Air Transport Services Group, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Air Transport Services Group from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday. Susquehanna upped their target price on Air Transport Services Group from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday. Truist Financial cut their price target on Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. Finally, StockNews.com raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.83.

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.