Air Transport Services Group, Inc. (NASDAQ:ATSG) Shares Bought by Legato Capital Management LLC

Legato Capital Management LLC lifted its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 39.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,799 shares of the transportation company’s stock after acquiring an additional 13,066 shares during the period. Legato Capital Management LLC owned 0.07% of Air Transport Services Group worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Air Transport Services Group by 5.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 274,112 shares of the transportation company’s stock worth $3,802,000 after purchasing an additional 14,957 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Air Transport Services Group by 3.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 39,667 shares of the transportation company’s stock worth $550,000 after purchasing an additional 1,158 shares in the last quarter. Gladius Capital Management LP bought a new stake in shares of Air Transport Services Group in the 2nd quarter worth approximately $34,000. CWM LLC raised its holdings in shares of Air Transport Services Group by 144.4% in the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock worth $58,000 after purchasing an additional 2,480 shares in the last quarter. Finally, First Hawaiian Bank bought a new stake in shares of Air Transport Services Group in the 2nd quarter worth approximately $412,000. 91.81% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Stock Down 1.4 %

Air Transport Services Group stock opened at $16.40 on Wednesday. The firm has a market cap of $1.08 billion, a PE ratio of 26.03 and a beta of 0.84. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.63 and a current ratio of 0.75. The firm’s 50 day moving average price is $14.79 and its two-hundred day moving average price is $13.79. Air Transport Services Group, Inc. has a twelve month low of $11.62 and a twelve month high of $22.17.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Thursday, August 8th. The transportation company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $488.41 million during the quarter, compared to the consensus estimate of $513.67 million. Air Transport Services Group had a net margin of 2.37% and a return on equity of 6.61%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share. On average, research analysts predict that Air Transport Services Group, Inc. will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on ATSG shares. Truist Financial boosted their target price on shares of Air Transport Services Group from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, August 12th. StockNews.com upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. TD Cowen boosted their price target on shares of Air Transport Services Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Stifel Nicolaus boosted their price target on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Susquehanna boosted their price target on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

About 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.