Hodges Capital Management Inc. raised its stake in Air Transport Services Group, Inc (NASDAQ:ATSG) by 36.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 908,615 shares of the transportation company’s stock after acquiring an additional 243,022 shares during the quarter. Air Transport Services Group makes up approximately 1.5% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 15th largest position. Hodges Capital Management Inc. owned approximately 1.54% of Air Transport Services Group worth $22,116,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Air Transport Services Group by 16,471.6% in the second quarter. Victory Capital Management Inc. now owns 1,141,285 shares of the transportation company’s stock valued at $24,857,000 after acquiring an additional 1,134,398 shares during the period. Castleark Management LLC acquired a new position in shares of Air Transport Services Group during the 2nd quarter worth approximately $8,242,000. Nicholas Investment Partners LP acquired a new position in shares of Air Transport Services Group during the 2nd quarter worth approximately $3,836,000. Tudor Investment Corp ET AL acquired a new position in shares of Air Transport Services Group during the 1st quarter worth approximately $289,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Air Transport Services Group by 41.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 259,257 shares of the transportation company’s stock worth $5,647,000 after buying an additional 75,684 shares during the period. 91.92% of the stock is owned by institutional investors.
In related news, Director Richard M. Baudouin sold 8,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $21.71, for a total transaction of $175,851.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider W Joseph Payne sold 7,500 shares of Air Transport Services Group stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $24.20, for a total value of $181,500.00. Following the completion of the transaction, the insider now owns 177,952 shares in the company, valued at $4,306,438.40. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Air Transport Services Group, Inc (NASDAQ:ATSG) traded up $0.89 on Tuesday, reaching $25.38. The company had a trading volume of 721,064 shares, compared to its average volume of 536,524. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 1.82. The firm has a market cap of $1,420.00, a price-to-earnings ratio of 34.49 and a beta of 2.00. Air Transport Services Group, Inc has a 1 year low of $14.21 and a 1 year high of $26.75.
Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The business had revenue of $254.10 million for the quarter, compared to analyst estimates of $256.13 million. During the same quarter last year, the company earned $0.14 EPS. The business’s quarterly revenue was up 31.5% on a year-over-year basis. research analysts anticipate that Air Transport Services Group, Inc will post 0.86 earnings per share for the current year.
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Several brokerages have recently weighed in on ATSG. Stifel Nicolaus reaffirmed a “hold” rating and set a $22.00 target price (up from $20.00) on shares of Air Transport Services Group in a research note on Tuesday. Zacks Investment Research upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Cowen and Company set a $27.00 target price on Air Transport Services Group and gave the company a “buy” rating in a report on Friday, October 13th. Susquehanna Bancshares Inc assumed coverage on Air Transport Services Group in a report on Thursday, August 17th. They issued a “neutral” rating and a $22.00 target price for the company. Finally, BidaskClub cut Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.38.
Air Transport Services Group Profile
Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.
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