Air Transport Services Group, Inc. (NASDAQ:ATSG - Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totalling 3,370,000 shares, a decline of 5.9% from the August 31st total of 3,580,000 shares. Approximately 6.6% of the company's stock are short sold. Based on an average daily volume of 472,400 shares, the days-to-cover ratio is currently 7.1 days.
Several large investors have recently made changes to their positions in ATSG. The Manufacturers Life Insurance Company boosted its position in Air Transport Services Group by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 27,804 shares of the transportation company's stock worth $386,000 after acquiring an additional 733 shares during the last quarter. Dark Forest Capital Management LP boosted its holdings in shares of Air Transport Services Group by 67.1% during the 2nd quarter. Dark Forest Capital Management LP now owns 43,759 shares of the transportation company's stock worth $607,000 after purchasing an additional 17,566 shares during the last quarter. Anchor Capital Management Company LLC grew its position in shares of Air Transport Services Group by 26.4% in the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company's stock valued at $15,534,000 after purchasing an additional 233,789 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Air Transport Services Group by 104.3% in the second quarter. AQR Capital Management LLC now owns 305,549 shares of the transportation company's stock valued at $4,238,000 after purchasing an additional 155,984 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Air Transport Services Group by 300.8% during the second quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company's stock worth $3,515,000 after buying an additional 190,202 shares in the last quarter. 91.81% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:ATSG traded up $0.29 during trading hours on Monday, reaching $16.07. The company had a trading volume of 220,729 shares, compared to its average volume of 528,926. The firm has a market cap of $1.06 billion, a PE ratio of 25.05 and a beta of 0.82. Air Transport Services Group has a 1-year low of $11.62 and a 1-year high of $21.78. The business's 50 day moving average price is $15.46 and its 200-day moving average price is $14.14. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.74 and a quick ratio of 0.62.
Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The transportation company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. Air Transport Services Group had a return on equity of 4.24% and a net margin of 0.90%. The business had revenue of $488.41 million during the quarter, compared to analysts' expectations of $513.67 million. During the same period in the previous year, the business earned $0.57 earnings per share. The business's revenue was down 7.7% compared to the same quarter last year. Research analysts forecast that Air Transport Services Group will post 0.84 EPS for the current year.
A number of analysts have recently weighed in on ATSG shares. Stifel Nicolaus raised their price objective on Air Transport Services Group from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Truist Financial boosted their price target on Air Transport Services Group from $14.00 to $15.00 and gave the stock a "hold" rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $18.25.
Get Our Latest Analysis on Air Transport Services Group
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.
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