First Eagle Investment Management LLC Buys New Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG)

First Eagle Investment Management LLC acquired a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 267,630 shares of the transportation company's stock, valued at approximately $4,713,000. First Eagle Investment Management LLC owned 0.41% of Air Transport Services Group as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its stake in Air Transport Services Group by 4,734.4% during the fourth quarter. Victory Capital Management Inc. now owns 2,197,508 shares of the transportation company's stock worth $38,698,000 after buying an additional 2,152,052 shares during the last quarter. U S Global Investors Inc. raised its position 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 acquiring an additional 550,229 shares in the last quarter. Peregrine Capital Management LLC acquired a new position in shares of Air Transport Services Group in the 4th quarter valued at about $5,414,000. Thompson Siegel & Walmsley LLC boosted its position in shares of Air Transport Services Group by 23.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,074,016 shares of the transportation company's stock valued at $18,913,000 after purchasing an additional 200,770 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Air Transport Services Group by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,013,004 shares of the transportation company's stock worth $70,669,000 after purchasing an additional 175,076 shares during the period. 91.81% of the stock is owned by institutional investors.

Air Transport Services Group Stock Down 0.2 %

ATSG traded down $0.03 during trading on Friday, hitting $14.61. 796,809 shares of the company's stock were exchanged, compared to its average volume of 475,731. Air Transport Services Group, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $24.96. The stock has a market cap of $960.17 million, a P/E ratio of 23.19 and a beta of 0.85. The business's 50 day moving average is $13.17 and its two-hundred day moving average is $14.79. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 1.20.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last posted its earnings results on Monday, May 6th. The transportation company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The company had revenue of $485.50 million for the quarter, compared to analyst estimates of $479.77 million. Air Transport Services Group had a net margin of 2.37% and a return on equity of 6.61%. The firm's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 EPS. As a group, equities analysts expect that Air Transport Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. StockNews.com raised Air Transport Services Group from a "sell" rating to a "hold" rating in a research note on Tuesday, May 7th. TD Cowen increased their target price on shares of Air Transport Services Group from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Wednesday, May 8th. Susquehanna lifted their price target on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a "neutral" rating in a research note on Wednesday, May 8th. Finally, Truist Financial cut 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 report on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.83.

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.