Air Transport Services Group Sees Unusually Large Options Volume (NASDAQ:ATSG)

Air Transport Services Group, Inc. (NASDAQ:ATSG) was the target of unusually large options trading activity on Monday. Stock investors acquired 2,224 call options on the stock. This represents an increase of approximately 572% compared to the typical daily volume of 331 call options.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ATSG shares. Truist Financial upped their price objective on 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. Stifel Nicolaus upped their price target on Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.25.

Institutional Investors Weigh In On Air Transport Services Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP purchased a new position in shares of Air Transport Services Group in the second quarter worth $34,000. Meeder Asset Management Inc. bought a new position in shares of Air Transport Services Group during the 2nd quarter valued at about $45,000. CWM LLC grew its position 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 valued at $58,000 after purchasing an additional 2,480 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Air Transport Services Group in the second quarter worth about $58,000. Finally, Innealta Capital LLC purchased a new stake in shares of Air Transport Services Group in the second quarter worth about $73,000. 91.81% of the stock is owned by hedge funds and other institutional investors.

Air Transport Services Group Stock Up 1.5 %

ATSG opened at $17.46 on Wednesday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 27.71 and a beta of 0.82. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.74. The firm’s fifty day moving average is $15.76 and its 200 day moving average is $14.58. Air Transport Services Group has a fifty-two week low of $11.62 and a fifty-two week high of $20.79.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Thursday, August 8th. The transportation company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $488.41 million during the quarter, compared to analyst estimates of $513.67 million. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 earnings per share. On average, sell-side analysts forecast that Air Transport Services Group 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.