New York Life Investment Management LLC Invests $5.31 Million in Air Transport Services Group, Inc. (NASDAQ:ATSG)

New York Life Investment Management LLC acquired a new position in Air Transport Services Group, Inc. (NASDAQ:ATSG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 241,348 shares of the transportation company’s stock, valued at approximately $5,305,000.

Other institutional investors have also recently made changes to their positions in the company. Independence Bank of Kentucky acquired a new stake in shares of Air Transport Services Group in the 4th quarter worth $33,000. Meeder Asset Management Inc. boosted its position in shares of Air Transport Services Group by 106.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock worth $109,000 after purchasing an additional 3,471 shares in the last quarter. Peoples Bank OH acquired a new stake in shares of Air Transport Services Group in the 4th quarter worth $216,000. Cetera Trust Company N.A boosted its position in shares of Air Transport Services Group by 6.6% in the 4th quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock worth $256,000 after purchasing an additional 725 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Air Transport Services Group in the 3rd quarter worth $197,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Analysts Set New Price Targets

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

Air Transport Services Group Stock Performance

Shares of ATSG opened at $22.33 on Friday. The stock has a 50-day moving average of $22.15 and a two-hundred day moving average of $19.48. Air Transport Services Group, Inc. has a one year low of $11.62 and a one year 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 stock has a market cap of $1.47 billion, a P/E ratio of -558.11 and a beta of 0.84.

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.