Peregrine Capital Management LLC Invests $5.41 Million in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Peregrine Capital Management LLC purchased a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 307,458 shares of the transportation company's stock, valued at approximately $5,414,000. Peregrine Capital Management LLC owned 0.47% of Air Transport Services Group as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. U S Global Investors Inc. boosted its stake in Air Transport Services Group by 38.4% during 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 last quarter. SG Americas Securities LLC boosted its stake in Air Transport Services Group by 38.9% during the 4th quarter. SG Americas Securities LLC now owns 21,663 shares of the transportation company's stock worth $381,000 after purchasing an additional 6,062 shares during the last quarter. Vanguard Group Inc. boosted 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 worth $132,311,000 after purchasing an additional 103,496 shares during the last quarter. American Century Companies Inc. boosted its stake in Air Transport Services Group by 12.7% during 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 last quarter. Finally, Comerica Bank acquired a new stake in Air Transport Services Group during the 3rd quarter worth $3,191,000. Institutional investors and hedge funds own 91.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Truist Financial lifted their target price on shares of 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. StockNews.com cut shares of Air Transport Services Group from a "hold" rating to a "sell" rating in a research report on Tuesday, March 26th. Finally, Susquehanna lowered their price target on shares of Air Transport Services Group from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Air Transport Services Group has an average rating of "Hold" and a consensus price target of $24.33.

Air Transport Services Group Trading Up 0.7 %

ATSG traded up $0.09 on Thursday, hitting $13.05. The company had a trading volume of 327,520 shares, compared to its average volume of 657,917. The firm has a market cap of $857.15 million, a P/E ratio of 17.40 and a beta of 0.85. Air Transport Services Group, Inc. has a 1 year low of $11.62 and a 1 year high of $24.96. The company's fifty day moving average price is $13.34 and its 200 day moving average price is $16.09. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.25.

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