River Road Asset Management LLC Sells 238,552 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

River Road Asset Management LLC decreased its position in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,439,673 shares of the transportation company’s stock after selling 238,552 shares during the quarter. Air Transport Services Group accounts for about 2.1% of River Road Asset Management LLC’s holdings, making the stock its 7th biggest holding. River Road Asset Management LLC owned 0.13% of Air Transport Services Group worth $148,623,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Air Transport Services Group during the fourth quarter worth approximately $26,000. Quarry LP grew its position in shares of Air Transport Services Group by 165.9% during the second quarter. Quarry LP now owns 1,433 shares of the transportation company’s stock worth $27,000 after acquiring an additional 894 shares during the last quarter. Harbour Investments Inc. grew its position in shares of Air Transport Services Group by 374.9% during the fourth quarter. Harbour Investments Inc. now owns 1,249 shares of the transportation company’s stock worth $32,000 after acquiring an additional 986 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Air Transport Services Group by 141.2% during the first quarter. Tower Research Capital LLC TRC now owns 1,674 shares of the transportation company’s stock worth $35,000 after acquiring an additional 980 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Air Transport Services Group by 1,147.3% during the fourth quarter. Lazard Asset Management LLC now owns 1,372 shares of the transportation company’s stock worth $35,000 after acquiring an additional 1,262 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ATSG. StockNews.com lowered shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. Truist Financial raised their target price on shares of Air Transport Services Group from $16.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Finally, Susquehanna lowered their target price on shares of Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $24.33.

Air Transport Services Group Stock Performance

NASDAQ:ATSG traded down $0.11 during midday trading on Wednesday, reaching $12.45. The stock had a trading volume of 346,022 shares, compared to its average volume of 643,986. The firm has a fifty day simple moving average of $13.23 and a two-hundred day simple moving average of $15.84. Air Transport Services Group, Inc. has a 12-month low of $11.62 and a 12-month high of $24.96. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.25. The stock has a market cap of $817.72 million, a P/E ratio of 16.91 and a beta of 0.85.

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

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.