Air Transport Services Group, Inc. (NASDAQ:ATSG) Short Interest Update

Air Transport Services Group, Inc. (NASDAQ:ATSG) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 2,200,000 shares, a growth of 5.3% from the January 15th total of 2,090,000 shares. Based on an average daily trading volume, of 1,200,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 4.3% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several research firms have weighed in on ATSG. StockNews.com started coverage on Air Transport Services Group in a research report on Monday. They issued a “hold” rating for the company. Loop Capital restated a “hold” rating and issued a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Finally, Truist Financial boosted their price target 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.60.

Hedge Funds Weigh In On Air Transport Services Group

A number of institutional investors have recently modified their holdings of the company. Barclays PLC increased its position in Air Transport Services Group by 247.7% during the third quarter. Barclays PLC now owns 72,934 shares of the transportation company’s stock worth $1,180,000 after purchasing an additional 51,955 shares during the last quarter. Empowered Funds LLC increased its position in Air Transport Services Group by 11.1% during the third quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock worth $4,702,000 after purchasing an additional 29,104 shares during the last quarter. FMR LLC increased 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 worth $3,460,000 after purchasing an additional 91,521 shares during the last quarter. Systematic Financial Management LP acquired a new position in Air Transport Services Group during the third quarter worth approximately $396,000. Finally, Phocas Financial Corp. increased 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 worth $3,611,000 after purchasing an additional 73,752 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Air Transport Services Group Stock Performance

NASDAQ:ATSG opened at $22.24 on Tuesday. The firm has a 50 day simple moving average of $22.08 and a 200-day simple moving average of $19.09. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The firm has a market cap of $1.46 billion, a PE ratio of -555.86 and a beta of 0.84. Air Transport Services Group has a 1-year low of $11.62 and a 1-year high of $22.33.

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.