Readystate Asset Management LP Has $1.44 Million Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Readystate Asset Management LP grew its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 141.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 81,711 shares of the transportation company’s stock after acquiring an additional 47,827 shares during the quarter. Readystate Asset Management LP’s holdings in Air Transport Services Group were worth $1,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Victory Capital Management Inc. lifted its holdings in shares of Air Transport Services Group by 4,734.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,197,508 shares of the transportation company’s stock worth $38,698,000 after acquiring an additional 2,152,052 shares during the period. Vanguard Group Inc. lifted its stake in Air Transport Services Group by 19.2% in the 1st quarter. Vanguard Group Inc. now owns 6,379,988 shares of the transportation company’s stock valued at $213,411,000 after purchasing an additional 1,029,325 shares during the last quarter. U S Global Investors Inc. lifted its stake in Air Transport Services Group by 38.4% in the 4th quarter. U S Global Investors Inc. now owns 1,982,354 shares of the transportation company’s stock valued at $34,909,000 after purchasing an additional 550,229 shares during the last quarter. Broad Bay Capital Management LP bought a new position in Air Transport Services Group in the 4th quarter valued at approximately $8,831,000. Finally, IPG Investment Advisors LLC lifted its stake in Air Transport Services Group by 159.7% in the 4th quarter. IPG Investment Advisors LLC now owns 703,477 shares of the transportation company’s stock valued at $12,388,000 after purchasing an additional 432,595 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Air Transport Services Group Trading Up 1.3 %

Shares of ATSG traded up $0.16 during trading hours on Thursday, hitting $12.61. 315,438 shares of the stock were exchanged, compared to its average volume of 640,604. Air Transport Services Group, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $24.96. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.86 and a quick ratio of 0.74. The business has a 50-day moving average of $13.16 and a 200-day moving average of $15.79. The firm has a market capitalization of $828.22 million, a P/E ratio of 16.81 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Monday, February 26th. The transportation company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). The company had revenue of $517.04 million during the quarter, compared to analyst estimates of $521.04 million. Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. On average, research analysts expect that Air Transport Services Group, Inc. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Truist Financial increased their price objective on shares of Air Transport Services Group from $16.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Finally, Susquehanna dropped their price objective on shares of Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $24.33.

Air Transport Services Group 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.