Cetera Trust Company N.A Buys 1,355 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Cetera Trust Company N.A grew its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 14.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,910 shares of the transportation company’s stock after purchasing an additional 1,355 shares during the quarter. Cetera Trust Company N.A’s holdings in Air Transport Services Group were worth $177,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Gladius Capital Management LP acquired a new position in Air Transport Services Group in the 2nd quarter valued at about $34,000. Meeder Asset Management Inc. bought a new stake in Air Transport Services Group during the second quarter worth $45,000. CWM LLC boosted its holdings in shares of Air Transport Services Group by 144.4% in the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 2,480 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Air Transport Services Group in the 2nd quarter valued at $58,000. Finally, Innealta Capital LLC acquired a new position in shares of Air Transport Services Group during the 2nd quarter worth $73,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ATSG shares. Stifel Nicolaus lifted their price target on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 12th. Truist Financial boosted their target price on shares of Air Transport Services Group from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.25.

Air Transport Services Group Trading Down 0.7 %

ATSG stock traded down $0.12 during trading on Tuesday, hitting $16.08. The company had a trading volume of 27,922 shares, compared to its average volume of 519,696. The stock has a market cap of $1.06 billion, a PE ratio of 25.63 and a beta of 0.82. Air Transport Services Group, Inc. has a one year low of $11.62 and a one year high of $20.79. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 1.08. The business has a 50-day moving average of $15.65 and a 200-day moving average of $14.46.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings results on Thursday, August 8th. The transportation company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. The business had revenue of $488.41 million for the quarter, compared to analyst estimates of $513.67 million. During the same quarter in the prior year, the company earned $0.57 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis. Research analysts predict that Air Transport Services Group, Inc. will post 0.84 earnings per share for the current fiscal 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.