Oliver Luxxe Assets LLC Raises Stock Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Oliver Luxxe Assets LLC raised its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 121,965 shares of the transportation company’s stock after buying an additional 4,849 shares during the period. Oliver Luxxe Assets LLC owned about 0.19% of Air Transport Services Group worth $2,681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in Air Transport Services Group during the second quarter valued at $45,000. Canada Pension Plan Investment Board purchased a new stake in shares of Air Transport Services Group during the 2nd quarter valued at about $58,000. Blue Trust Inc. lifted its stake 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 worth $79,000 after purchasing an additional 4,528 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Air Transport Services Group in the second quarter worth approximately $156,000. Finally, Cetera Trust Company N.A grew its position in 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 valued at $177,000 after buying an additional 1,355 shares during the period. 91.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Loop Capital reiterated a “hold” rating and set a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. StockNews.com started coverage on Air Transport Services Group in a research report on Tuesday, December 31st. They set a “hold” rating on the stock. Finally, Truist Financial upped their price target on Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Price Performance

Air Transport Services Group stock traded down $0.01 during mid-day trading on Monday, hitting $21.99. The stock had a trading volume of 807,493 shares, compared to its average volume of 1,010,861. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The firm’s 50 day moving average is $21.51 and its 200 day moving average is $17.41. The firm has a market capitalization of $1.45 billion, a P/E ratio of -549.61 and a beta of 0.85. Air Transport Services Group, Inc. has a one year low of $11.62 and a one year high of $22.33.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share (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 quarter in the prior year, the business posted $0.32 EPS. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, sell-side analysts forecast that Air Transport Services Group, Inc. will post 0.81 earnings per share for the current fiscal year.

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.