Segantii Capital Management Ltd Acquires New Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Segantii Capital Management Ltd bought a new position in Air Transport Services Group, Inc. (NASDAQ:ATSG) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 43,000 shares of the transportation company’s stock, valued at approximately $757,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Air Transport Services Group by 1.7% in the third quarter. Vanguard Group Inc. now owns 6,339,788 shares of the transportation company’s stock worth $132,311,000 after buying an additional 103,496 shares during the period. American Century Companies Inc. boosted its holdings in shares of Air Transport Services Group by 12.7% during the third quarter. American Century Companies Inc. now owns 1,155,841 shares of the transportation company’s stock worth $24,122,000 after purchasing an additional 130,130 shares during the period. U S Global Investors Inc. grew its stake in shares of 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 last quarter. Assenagon Asset Management S.A. increased its holdings in Air Transport Services Group by 255.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 71,440 shares of the transportation company’s stock valued at $1,491,000 after purchasing an additional 51,339 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Air Transport Services Group by 8.9% during 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 purchasing an additional 67,700 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors.

Air Transport Services Group Price Performance

Shares of Air Transport Services Group stock traded up $0.23 during trading hours on Thursday, reaching $14.82. 402,280 shares of the company’s stock were exchanged, compared to its average volume of 615,980. The business has a fifty day moving average of $12.91 and a two-hundred day moving average of $15.01. The company has a market capitalization of $973.44 million, a P/E ratio of 23.16 and a beta of 0.85. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.25. Air Transport Services Group, Inc. has a 1 year low of $11.62 and a 1 year high of $24.96.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ATSG. StockNews.com upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday. TD Cowen upped their price objective on shares of Air Transport Services Group from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial lowered their price objective on shares of Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating for the company in a report on Friday, April 19th. Finally, Susquehanna lifted their price target on Air Transport Services Group from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.83.

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.