Air Transport Services Group, Inc. (NASDAQ:ATSG) Stock Holdings Lessened by Raymond James & Associates

Raymond James & Associates cut its holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 19.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 432,000 shares of the transportation company's stock after selling 103,360 shares during the period. Raymond James & Associates owned about 0.66% of Air Transport Services Group worth $7,608,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp increased its position in Air Transport Services Group by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 331,441 shares of the transportation company's stock worth $11,087,000 after buying an additional 9,681 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Air Transport Services Group by 714.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,706 shares of the transportation company's stock worth $391,000 after purchasing an additional 10,268 shares in the last quarter. Bank of Montreal Can raised its stake in Air Transport Services Group by 41.3% in the 1st quarter. Bank of Montreal Can now owns 161,108 shares of the transportation company's stock valued at $5,497,000 after purchasing an additional 47,129 shares during the last quarter. MetLife Investment Management LLC raised its stake in Air Transport Services Group by 56.5% in the 1st quarter. MetLife Investment Management LLC now owns 32,199 shares of the transportation company's stock valued at $1,077,000 after purchasing an additional 11,631 shares during the last quarter. Finally, APG Asset Management N.V. purchased a new position in Air Transport Services Group in the 1st quarter valued at about $385,000. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on ATSG. Susquehanna lowered their price target on shares of 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. StockNews.com downgraded Air Transport Services Group from a "hold" rating to a "sell" rating in a report on Tuesday, March 26th. Finally, Truist Financial increased their price target on Air Transport Services Group from $16.00 to $20.00 and gave the stock a "hold" rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $24.33.

Air Transport Services Group Trading Down 0.2 %

NASDAQ:ATSG traded down $0.03 during trading hours on Monday, reaching $12.90. 197,099 shares of the company were exchanged, compared to its average volume of 666,473. The firm has a market cap of $846.94 million, a price-to-earnings ratio of 17.23 and a beta of 0.85. The stock has a 50 day simple moving average of $13.55 and a 200 day simple moving average of $16.24. 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.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last issued its earnings results on Monday, February 26th. The transportation company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.11). Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. The firm had revenue of $517.04 million during the quarter, compared to analysts' expectations of $521.04 million. As a group, analysts predict that Air Transport Services Group, Inc. will post 0.73 EPS for the current year.

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.