Wolverine Asset Management LLC Takes Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Wolverine Asset Management LLC bought a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,168 shares of the transportation company’s stock, valued at approximately $531,000.

Several other institutional investors have also bought and sold shares of ATSG. Independence Bank of Kentucky bought a new position in Air Transport Services Group during the 4th quarter valued at $33,000. Blue Trust Inc. lifted its position 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 valued at $79,000 after purchasing an additional 4,528 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Air Transport Services Group by 106.0% during the third quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock worth $109,000 after purchasing an additional 3,471 shares during the last quarter. Intech Investment Management LLC bought a new stake in Air Transport Services Group in the 3rd quarter worth about $197,000. Finally, Creative Planning increased its stake in Air Transport Services Group by 33.2% in 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 during the last quarter. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Price Performance

Air Transport Services Group stock opened at $22.30 on Monday. 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, Inc. has a one year low of $11.62 and a one year high of $22.35. The firm has a market capitalization of $1.47 billion, a P/E ratio of -557.36 and a beta of 0.84. The business has a fifty day moving average price of $22.11 and a 200-day moving average price of $19.33.

Wall Street Analysts Forecast Growth

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

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.