Versor Investments LP Acquires Shares of 307,532 Air Transport Services Group, Inc. (NASDAQ:ATSG)

Versor Investments LP bought a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 307,532 shares of the transportation company’s stock, valued at approximately $6,760,000. Air Transport Services Group comprises about 1.2% of Versor Investments LP’s investment portfolio, making the stock its 7th largest holding. Versor Investments LP owned 0.47% of Air Transport Services Group as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Independence Bank of Kentucky purchased a new position in Air Transport Services Group during the fourth quarter worth approximately $33,000. Blue Trust Inc. increased its stake in shares of Air Transport Services Group by 1,320.1% in the 3rd quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company’s stock worth $79,000 after acquiring an additional 4,528 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Air Transport Services Group by 106.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock worth $109,000 after acquiring an additional 3,471 shares during the period. Peoples Bank OH acquired a new position in shares of Air Transport Services Group during the 4th quarter valued at about $216,000. Finally, Cetera Trust Company N.A grew its holdings in shares of Air Transport Services Group by 6.6% in the fourth quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 725 shares during the period. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Air Transport Services Group Stock Performance

NASDAQ:ATSG opened at $22.34 on Thursday. Air Transport Services Group, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $22.38. 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 company has a 50 day moving average price of $22.14 and a 200 day moving average price of $19.46. The stock has a market capitalization of $1.47 billion, a P/E ratio of -558.36 and a beta of 0.84.

Wall Street Analyst Weigh In

ATSG has been the topic of a number of analyst reports. Truist Financial lifted their target price on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. StockNews.com began coverage on Air Transport Services Group in a report on Tuesday. They issued a “hold” rating on the stock. Finally, Loop Capital reissued a “hold” rating and set a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.60.

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.