Duality Advisers LP Buys Shares of 47,064 Air Transport Services Group, Inc. (NASDAQ:ATSG)

Duality Advisers LP bought a new stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) during the 4th quarter, Holdings Channel reports. The firm bought 47,064 shares of the transportation company’s stock, valued at approximately $829,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Air Transport Services Group by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 6,339,788 shares of the transportation company’s stock valued at $132,311,000 after acquiring an additional 103,496 shares during the period. American Century Companies Inc. lifted its stake in shares of 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 worth $24,122,000 after purchasing an additional 130,130 shares during the period. U S Global Investors Inc. lifted its stake in shares of Air Transport Services Group by 38.4% in the 4th 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 stake in shares of Air Transport Services Group by 255.4% in the 3rd 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 period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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 worth $17,375,000 after purchasing an additional 67,700 shares during the period. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Trading Up 0.2 %

Shares of ATSG opened at $12.73 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.86 and a quick ratio of 0.74. Air Transport Services Group, Inc. has a 1 year low of $11.62 and a 1 year high of $24.96. The company has a 50 day simple moving average of $13.03 and a two-hundred day simple moving average of $15.54. The firm has a market cap of $836.16 million, a P/E ratio of 16.97 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, February 26th. The transportation company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Air Transport Services Group had a net margin of 2.91% and a return on equity of 7.93%. The business had revenue of $517.04 million during the quarter, compared to analysts’ expectations of $521.04 million. On average, equities analysts expect that Air Transport Services Group, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ATSG. Truist Financial lowered their price objective on shares of 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. StockNews.com cut shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Finally, Susquehanna decreased their target price on shares of Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $23.33.

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.