Olympiad Research LP Buys New Stake in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Olympiad Research LP bought a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) during the fourth quarter, HoldingsChannel.com reports. The fund bought 45,600 shares of the transportation company’s stock, valued at approximately $1,002,000. Air Transport Services Group comprises 1.0% of Olympiad Research LP’s investment portfolio, making the stock its 19th largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its stake in Air Transport Services Group by 247.7% during the third quarter. Barclays PLC now owns 72,934 shares of the transportation company’s stock worth $1,180,000 after buying an additional 51,955 shares during the last quarter. Empowered Funds LLC grew its stake in Air Transport Services Group by 11.1% during the third quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock worth $4,702,000 after buying an additional 29,104 shares during the last quarter. FMR LLC grew its stake in Air Transport Services Group by 74.9% during the third quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock worth $3,460,000 after buying an additional 91,521 shares during the last quarter. Systematic Financial Management LP bought a new stake in Air Transport Services Group during the third quarter worth about $396,000. Finally, Phocas Financial Corp. grew its stake in Air Transport Services Group by 49.4% during the third quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company’s stock worth $3,611,000 after buying an additional 73,752 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Truist Financial upped 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. StockNews.com assumed coverage on shares of Air Transport Services Group in a research note on Monday, February 17th. They set a “hold” rating on the stock. Finally, Loop Capital reaffirmed a “hold” rating and set a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Air Transport Services Group presently has an average rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Price Performance

Shares of ATSG stock opened at $22.30 on Friday. The firm has a fifty day moving average of $22.11 and a 200-day moving average of $19.28. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. Air Transport Services Group, Inc. has a 12-month low of $11.62 and a 12-month high of $22.35. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -557.36 and a beta of 0.84.

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.