Air Transport Services Group, Inc. (NASDAQ:ATSG) Stock Holdings Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,705,050 shares of the transportation company’s stock after selling 156,937 shares during the quarter. Victory Capital Management Inc. owned 5.63% of Air Transport Services Group worth $59,985,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ATSG. Gladius Capital Management LP acquired a new position in shares of Air Transport Services Group in the 2nd quarter valued at $34,000. Meeder Asset Management Inc. acquired a new position in shares of Air Transport Services Group in the second quarter worth about $45,000. CWM LLC increased its position in shares of Air Transport Services Group by 144.4% in the second quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock worth $58,000 after acquiring an additional 2,480 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Air Transport Services Group during the second quarter valued at approximately $58,000. Finally, Blue Trust Inc. lifted its position in shares of Air Transport Services Group by 1,320.1% in the 3rd quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock valued at $79,000 after acquiring an additional 4,528 shares in the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Stock Down 0.2 %

ATSG opened at $22.03 on Friday. Air Transport Services Group, Inc. has a twelve month low of $11.62 and a twelve month high of $22.27. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.81. The business has a 50 day moving average price of $16.80 and a 200 day moving average price of $15.22. The firm has a market cap of $1.45 billion, a P/E ratio of -550.61 and a beta of 0.81.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data 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). The firm had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. Air Transport Services Group’s quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. Research analysts forecast that Air Transport Services Group, Inc. will post 0.84 EPS for the current year.

Analysts Set New Price Targets

ATSG has been the topic of a number of research analyst reports. Loop Capital reiterated a “hold” rating and set a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. StockNews.com assumed coverage on Air Transport Services Group in a research note on Wednesday. They set a “hold” rating on the stock. Stifel Nicolaus upped their target price on Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Truist Financial raised their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.60.

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.