XTX Topco Ltd Takes $269,000 Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

XTX Topco Ltd bought a new position in Air Transport Services Group, Inc. (NASDAQ:ATSG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 16,636 shares of the transportation company’s stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ATSG. Meeder Asset Management Inc. bought a new position in shares of Air Transport Services Group in the second quarter valued at $45,000. Canada Pension Plan Investment Board acquired a new stake in shares of Air Transport Services Group during the second quarter worth $58,000. Innealta Capital LLC purchased a new stake in shares of Air Transport Services Group during the second quarter valued at $73,000. Blue Trust Inc. boosted its position 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 purchasing an additional 4,528 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in shares of Air Transport Services Group in the 2nd quarter valued at $156,000. 91.81% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Stock Performance

Shares of ATSG opened at $21.87 on Thursday. Air Transport Services Group, Inc. has a 52 week low of $11.62 and a 52 week high of $22.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The company has a market capitalization of $1.44 billion, a PE ratio of -546.61 and a beta of 0.85. The company’s 50 day moving average price is $20.00 and its 200 day moving average price is $16.61.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The company’s revenue was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. Research analysts expect that Air Transport Services Group, Inc. will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on ATSG shares. StockNews.com initiated coverage on shares of Air Transport Services Group in a research note on Sunday. They set a “hold” rating for the company. Truist Financial raised their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, 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 research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.60.

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.