Empowered Funds LLC Acquires 29,104 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Empowered Funds LLC grew its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 290,423 shares of the transportation company’s stock after acquiring an additional 29,104 shares during the quarter. Empowered Funds LLC owned 0.44% of Air Transport Services Group worth $4,702,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Gladius Capital Management LP acquired a new position in Air Transport Services Group during the 2nd quarter worth approximately $34,000. Meeder Asset Management Inc. bought a new stake in shares of Air Transport Services Group during the second quarter worth $45,000. CWM LLC increased its holdings in shares of Air Transport Services Group by 144.4% during the second quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock worth $58,000 after buying an additional 2,480 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Air Transport Services Group during the second quarter worth $58,000. Finally, Blue Trust Inc. lifted its stake in shares of Air Transport Services Group by 1,320.1% in the 3rd quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock valued at $79,000 after acquiring an additional 4,528 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com began coverage on Air Transport Services Group in a report on Wednesday, November 13th. They issued a “hold” rating for the company. Loop Capital reissued a “hold” rating and set a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Stifel Nicolaus lifted their price target on shares of Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Truist Financial increased their price target on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Down 0.0 %

ATSG stock opened at $22.02 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.81. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -550.50 and a beta of 0.81. Air Transport Services Group, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $22.27. The stock has a fifty day moving average of $17.07 and a 200-day moving average of $15.37.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The firm had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $507.46 million. During the same period in the prior year, the firm posted $0.32 EPS. Air Transport Services Group’s revenue was down 10.0% on a year-over-year basis. As a group, equities research analysts predict that Air Transport Services Group, Inc. will post 0.84 earnings per share for the current year.

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.