13,025 Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG) Purchased by Entropy Technologies LP

Entropy Technologies LP bought a new position in Air Transport Services Group, Inc. (NASDAQ:ATSG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,025 shares of the transportation company’s stock, valued at approximately $286,000.

Other hedge funds also recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC purchased a new stake in Air Transport Services Group during the third quarter valued at approximately $3,411,000. River Road Asset Management LLC raised its position in Air Transport Services Group by 2.9% during the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after purchasing an additional 201,722 shares during the period. Castleark Management LLC purchased a new stake in Air Transport Services Group during the third quarter valued at approximately $2,826,000. FMR LLC raised its position in Air Transport Services Group by 74.9% during the third quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock valued at $3,460,000 after purchasing an additional 91,521 shares during the period. Finally, Phocas Financial Corp. raised its position in Air Transport Services Group by 49.4% during the third quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company’s stock valued at $3,611,000 after purchasing an additional 73,752 shares during the period. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Air Transport Services Group Trading Down 0.1 %

Shares of NASDAQ ATSG opened at $22.26 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The business’s 50 day moving average price is $22.07 and its 200-day moving average price is $18.93. Air Transport Services Group, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $22.33. The company has a market cap of $1.46 billion, a price-to-earnings ratio of -556.36 and a beta of 0.84.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ATSG shares. Truist Financial upped their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 5th. StockNews.com started coverage on Air Transport Services Group in a research note on Sunday, February 9th. They set a “hold” rating on the stock. Finally, Loop Capital reiterated a “hold” rating and issued a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.