U S Global Investors Inc. Purchases 550,229 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

U S Global Investors Inc. raised its holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 38.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,982,354 shares of the transportation company's stock after buying an additional 550,229 shares during the quarter. Air Transport Services Group accounts for 2.3% of U S Global Investors Inc.'s investment portfolio, making the stock its 14th largest holding. U S Global Investors Inc. owned about 3.04% of Air Transport Services Group worth $34,909,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Air Transport Services Group by 19.2% during the first quarter. Vanguard Group Inc. now owns 6,379,988 shares of the transportation company's stock valued at $213,411,000 after acquiring an additional 1,029,325 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Air Transport Services Group by 5.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,827,039 shares of the transportation company's stock valued at $79,716,000 after acquiring an additional 190,746 shares in the last quarter. FMR LLC increased its holdings in shares of Air Transport Services Group by 2.6% during the third quarter. FMR LLC now owns 1,829,208 shares of the transportation company's stock valued at $38,176,000 after acquiring an additional 46,428 shares in the last quarter. State Street Corp grew its holdings in Air Transport Services Group by 1.4% during the second quarter. State Street Corp now owns 1,380,025 shares of the transportation company's stock worth $26,041,000 after buying an additional 18,597 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in Air Transport Services Group by 1.8% during the second quarter. Macquarie Group Ltd. now owns 1,209,124 shares of the transportation company's stock worth $34,738,000 after buying an additional 20,909 shares in the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Stock Performance

Shares of NASDAQ ATSG traded down $0.39 during trading on Thursday, reaching $12.73. 338,118 shares of the stock traded hands, compared to its average volume of 678,123. Air Transport Services Group, Inc. has a 52-week low of $11.62 and a 52-week high of $24.96. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.86 and a quick ratio of 0.74. The company has a 50-day moving average of $13.63 and a 200-day moving average of $16.36. The stock has a market capitalization of $836.11 million, a P/E ratio of 16.97 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The transportation company reported $0.18 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 firm had revenue of $517.04 million for the quarter, compared to analysts' expectations of $521.04 million. Analysts forecast that Air Transport Services Group, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Susquehanna decreased their price target on Air Transport Services Group from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Wednesday, February 28th. Truist Financial upped their price target on Air Transport Services Group from $16.00 to $20.00 and gave the stock a "hold" rating in a report on Wednesday, January 10th. Finally, StockNews.com downgraded Air Transport Services Group from a "hold" rating to a "sell" rating in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Air Transport Services Group presently has a consensus rating of "Hold" and a consensus target price of $24.33.

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.