Barclays PLC Purchases 51,955 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Barclays PLC grew its position in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 247.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 72,934 shares of the transportation company’s stock after purchasing an additional 51,955 shares during the quarter. Barclays PLC’s holdings in Air Transport Services Group were worth $1,180,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of Air Transport Services Group during the 2nd quarter valued at approximately $45,000. Canada Pension Plan Investment Board acquired a new stake in shares of Air Transport Services Group during the second quarter valued at about $58,000. Blue Trust Inc. grew its holdings in shares of Air Transport Services Group by 1,320.1% during the third quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock worth $79,000 after purchasing an additional 4,528 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Air Transport Services Group in the second quarter valued at $156,000. Finally, Cetera Trust Company N.A raised its position in shares of Air Transport Services Group by 14.2% during the third quarter. Cetera Trust Company N.A now owns 10,910 shares of the transportation company’s stock worth $177,000 after acquiring an additional 1,355 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Air Transport Services Group Trading Up 0.1 %

Shares of Air Transport Services Group stock opened at $22.06 on Tuesday. The company has a 50 day simple moving average of $21.99 and a two-hundred day simple moving average of $17.77. The firm has a market cap of $1.45 billion, a PE ratio of -551.36 and a beta of 0.85. Air Transport Services Group, Inc. has a 1 year low of $11.62 and a 1 year high of $22.33. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68.

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). Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The business had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $507.46 million. During the same period last year, the business posted $0.32 earnings per share. The company’s revenue was down 10.0% compared to the same quarter last year. Analysts expect that Air Transport Services Group, Inc. will post 0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on ATSG shares. Truist Financial upped their target price on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Loop Capital reissued a “hold” rating and set a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Finally, StockNews.com began coverage on Air Transport Services Group in a research report on Wednesday, January 8th. They set a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Air Transport Services Group presently has an average rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Company Profile

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.