Assenagon Asset Management S.A. Sells 3,120 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Assenagon Asset Management S.A. trimmed its position in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,277 shares of the transportation company’s stock after selling 3,120 shares during the period. Assenagon Asset Management S.A. owned 0.09% of Air Transport Services Group worth $911,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Cetera Trust Company N.A raised its position in shares of Air Transport Services Group by 14.2% during the 3rd quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock valued at $177,000 after buying an additional 1,355 shares in the last quarter. Blue Trust Inc. raised its position in shares of Air Transport Services Group by 1,320.1% during the 3rd quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock valued at $79,000 after buying an additional 4,528 shares in the last quarter. Creative Planning raised its position in shares of Air Transport Services Group by 33.2% during the 3rd quarter. Creative Planning now owns 13,384 shares of the transportation company’s stock valued at $217,000 after buying an additional 3,338 shares in the last quarter. Oliver Luxxe Assets LLC purchased a new stake in shares of Air Transport Services Group during the 3rd quarter valued at $1,896,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Air Transport Services Group during the 3rd quarter valued at $215,000. 91.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ATSG has been the topic of several research reports. Stifel Nicolaus raised their price objective on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Truist Financial raised their price objective on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.25.

Air Transport Services Group Price Performance

Shares of NASDAQ:ATSG opened at $17.40 on Friday. The stock has a market cap of $1.14 billion, a PE ratio of 69.60 and a beta of 0.82. The company’s fifty day moving average is $15.89 and its 200 day moving average is $14.68. Air Transport Services Group, Inc. has a 52 week low of $11.62 and a 52 week high of $20.79. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 1.08.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Thursday, August 8th. The transportation company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. The company had revenue of $488.41 million for the quarter, compared to analysts’ expectations of $513.67 million. During the same quarter last year, the company earned $0.57 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. Research analysts anticipate 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.