Peoples Bank OH Acquires New Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Peoples Bank OH acquired a new stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,832 shares of the transportation company’s stock, valued at approximately $216,000.

Several other institutional investors also recently bought and sold shares of the company. River Road Asset Management LLC grew its position in Air Transport Services Group by 2.9% during the 3rd 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 last quarter. State Street Corp grew its position in Air Transport Services Group by 1.1% during the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock valued at $20,378,000 after purchasing an additional 13,880 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in Air Transport Services Group during the 4th quarter valued at about $10,990,000. Empowered Funds LLC lifted its stake in Air Transport Services Group by 11.1% during the 3rd quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock valued at $4,702,000 after acquiring an additional 29,104 shares during the period. Finally, Phocas Financial Corp. lifted its stake in Air Transport Services Group by 49.4% during the 3rd quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company’s stock valued at $3,611,000 after acquiring an additional 73,752 shares during the period. 91.81% of the stock is owned by hedge funds and other institutional investors.

Air Transport Services Group Price Performance

Shares of NASDAQ:ATSG opened at $22.30 on Friday. The firm’s 50 day moving average price is $22.10 and its 200-day moving average price is $19.19. Air Transport Services Group, Inc. has a twelve month low of $11.62 and a twelve month high of $22.34. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $1.47 billion, a PE ratio of -557.36 and a beta of 0.84.

Analysts Set New Price Targets

Several research firms have issued reports on ATSG. StockNews.com began coverage on shares of Air Transport Services Group in a research note on Monday. They set a “hold” rating on the stock. Loop Capital restated 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. Finally, Truist Financial upped their target price on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating 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 stock. According to MarketBeat, Air Transport Services Group has a consensus rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Company 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.