Olympiad Research LP Makes New Investment in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Olympiad Research LP bought a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 45,600 shares of the transportation company’s stock, valued at approximately $1,002,000. Air Transport Services Group comprises 1.0% of Olympiad Research LP’s portfolio, making the stock its 19th largest position. Olympiad Research LP owned 0.07% of Air Transport Services Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ATSG. Creative Planning lifted its position in Air Transport Services Group by 33.2% during the 3rd quarter. Creative Planning now owns 13,384 shares of the transportation company’s stock worth $217,000 after acquiring an additional 3,338 shares during the last quarter. Blue Trust Inc. lifted its position in Air Transport Services Group by 1,320.1% during 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. Pullen Investment Management LLC lifted its position in Air Transport Services Group by 17.2% during the 3rd quarter. Pullen Investment Management LLC now owns 21,458 shares of the transportation company’s stock worth $347,000 after acquiring an additional 3,155 shares during the last quarter. River Road Asset Management LLC lifted 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 worth $116,085,000 after acquiring an additional 201,722 shares during the last quarter. Finally, Empowered Funds LLC lifted its position 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 worth $4,702,000 after acquiring an additional 29,104 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Loop Capital restated a “hold” rating and set a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. StockNews.com assumed coverage on shares of Air Transport Services Group in a report on Monday, February 17th. They set a “hold” rating on the stock. Finally, Truist Financial boosted their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Air Transport Services Group presently has a consensus rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Stock Performance

NASDAQ ATSG opened at $22.30 on Friday. The stock has a market cap of $1.47 billion, a P/E ratio of -557.36 and a beta of 0.84. The company’s 50-day simple moving average is $22.11 and its 200 day simple moving average is $19.28. Air Transport Services Group, Inc. has a twelve month low of $11.62 and a twelve month high of $22.35. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

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.