Commonwealth Equity Services LLC holds an $870,000 equity position in Air Transport Services Group, Inc. (NASDAQ:ATSG)


Commonwealth Equity Services LLC increased its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) by 6.7% during the first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The company held 26,012 shares of the transportation company after purchasing an additional 1,633 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Air Transport Services Group were worth $870,000 at the end of the most recent reporting period.

A number of other big investors have also recently changed their positions in the stock. Versor Investments LP increased its stake in shares of Air Transport Services Group by 165.8% in the 1st quarter. Versor Investments LP now owns 23,965 shares of the transportation company valued at $802,000 after purchasing an additional 14,949 shares during the period. EFG Asset Management North America Corp. acquired a new position in shares of Air Transport Services Group in Q1 worth $796,000. Truist Financial Corp increased its stake in shares of Air Transport Services Group by 187.3% in the 1st quarter. Truist Financial Corp now owns 20,620 shares of the transportation company valued at $689,000 after purchasing an additional 13,443 shares during the period. Virginia Retirement Systems ET AL increased its stake in Air Transport Services Group by 25.3% during the 1st quarter. Virginia Retirement Systems ET AL now owns 10,400 shares of the transportation company worth $348,000 after purchasing an additional 2,100 shares during the period. Finally, Bernzott Capital Advisors increased its stake in Air Transport Services Group by 0.4% during the 1st quarter. Bernzott Capital Advisors now owns 1,264,067 shares of the transportation company worth $42,283,000 after purchasing an additional 5,406 shares during the period. Institutional investors and hedge funds hold 93.34% of the company’s shares.

A Wall Street analyst gives his opinion

Several analysts have recently commented on the company. Cowen raised its price target on Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research note. StockNews.com downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a Saturday, June 18 research rating. Finally, Cowen raised its price target on Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research note.

Airline Services Group Price Performance

Shares of NASDAQ ATSG opened at $32.15 on Wednesday. The stock has a market capitalization of $2.39 billion, a price-earnings ratio of 12.37 and a beta of 0.56. The company has a 50-day moving average of $29.93 and a 200-day moving average of $30.24. The company has a debt ratio of 0.96, a current ratio of 1.19 and a quick ratio of 1.02. Air Transport Services Group, Inc. has a fifty-two week minimum of $23.68 and a fifty-two week maximum of $34.54.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last reported quarterly earnings data on Thursday, August 4. The transportation company reported earnings per share of $0.59 for the quarter, beating the consensus estimate of $0.50 by $0.09. The company posted revenue of $510.00 million in the quarter, compared to $505.54 million expected by analysts. Air Transport Services Group achieved a return on equity of 14.39% and a net margin of 11.01%. Airline Services Group revenue for the quarter increased 24.4% compared to the same quarter last year. In the same quarter last year, the company achieved EPS of $0.35. As a group, sell-side analysts expect Air Transport Services Group, Inc. to post earnings per share of 2.12 for the current fiscal year.

Airline Services Group Company Profile

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Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing and air cargo transportation and related services in the United States and abroad. The Company offers aircraft, flight crew, aircraft maintenance, aircraft hull and liability and aviation fuel insurance; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services and aircraft line maintenance.

See also

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Institutional ownership by quarter for Air Transport Services Group (NASDAQ:ATSG)



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