Air Transport Services Group, Inc. (NASDAQ:ATSG) Short Interest Down 9.6% in April

Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 3,770,000 shares, a decrease of 9.6% from the March 31st total of 4,170,000 shares. Currently, 7.4% of the company's shares are short sold. Based on an average daily trading volume, of 634,800 shares, the days-to-cover ratio is currently 5.9 days.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ATSG shares. Susquehanna cut their target price on 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. StockNews.com lowered Air Transport Services Group from a "hold" rating to a "sell" rating in a research note on Tuesday, March 26th. Finally, Truist Financial lowered their price target on 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $23.33.

Air Transport Services Group Stock Up 0.9 %

ATSG stock traded up $0.12 during mid-day trading on Monday, reaching $13.03. The company had a trading volume of 249,442 shares, compared to its average volume of 619,236. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $24.96. The company has a market capitalization of $855.81 million, a price-to-earnings ratio of 17.37 and a beta of 0.85. The stock has a 50 day simple moving average of $12.93 and a two-hundred day simple moving average of $15.37. 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 (NASDAQ:ATSG - Get Free Report) last released its quarterly earnings data on Monday, February 26th. The transportation company reported $0.18 earnings per share (EPS) 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 analyst estimates of $521.04 million. As a group, equities analysts predict that Air Transport Services Group will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of Air Transport Services Group

Several hedge funds have recently added to or reduced their stakes in ATSG. CWM LLC increased its stake in Air Transport Services Group by 53.9% during the 4th quarter. CWM LLC now owns 2,191 shares of the transportation company's stock worth $39,000 after acquiring an additional 767 shares during the period. New York State Common Retirement Fund increased its stake in Air Transport Services Group by 2.3% during the 4th quarter. New York State Common Retirement Fund now owns 43,567 shares of the transportation company's stock worth $767,000 after acquiring an additional 960 shares during the period. Strs Ohio increased its stake in Air Transport Services Group by 10.5% during the 3rd quarter. Strs Ohio now owns 12,600 shares of the transportation company's stock worth $262,000 after acquiring an additional 1,200 shares during the period. Jessup Wealth Management Inc increased its stake in Air Transport Services Group by 6.1% during the 1st quarter. Jessup Wealth Management Inc now owns 21,791 shares of the transportation company's stock worth $300,000 after acquiring an additional 1,254 shares during the period. Finally, Barclays PLC increased its stake in Air Transport Services Group by 9.2% during the 3rd quarter. Barclays PLC now owns 16,796 shares of the transportation company's stock worth $350,000 after acquiring an additional 1,412 shares during the period. 91.81% of the stock is owned by institutional investors and hedge funds.

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.