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

Air Transport Services Group, Inc. (NASDAQ:ATSG) experienced a notable increase in short interest during January. As of January 31st, short interest amounted to 2,200,000 shares, representing a rise of 5.3% from the 2,090,000 shares reported on January 15th. Currently, around 4.3% of the company’s total shares are short sold. Considering an average trading volume of 1,200,000 shares, the short-interest ratio stands at 1.8 days.

Hedge Funds Update on Air Transport Services Group

Institutional investors have made adjustments to their positions in Air Transport Services Group shares recently. Independence Bank of Kentucky announced a new investment valued at approximately $33,000 during the fourth quarter. Sterling Capital Management LLC significantly increased its investment in the company by 797.3% in the same quarter, now owning 1,642 shares valued at $36,000 after acquiring an additional 1,459 shares. AlphaQuest LLC grew its stake by 89.8%, holding 2,634 shares valued at $58,000 after adding 1,246 shares. Blue Trust Inc. raised its ownership by 1,320.1% during the third quarter, owning 4,871 shares worth $79,000 after purchasing an extra 4,528 shares. Covestor Ltd also boosted its holdings by 96.8% during the fourth quarter, owning 3,729 shares valued at $82,000 after acquiring an additional 1,834 shares. Currently, institutional investors and hedge funds control approximately 91.81% of the company’s stock.

Current Trading Position of Air Transport Services Group

As of Monday, ATSG opened at $22.24. The company holds a market capitalization of $1.46 billion, a PE ratio of -555.86, and a beta of 0.84. The shares have traded between a one year low of $11.62 and a high of $22.33. The company’s debt-to-equity ratio stands at 1.06, with a quick ratio of 0.68 and a current ratio of 0.81. The 50-day moving average price is $22.08, while the 200-day moving average price is $19.04.

Analyst Ratings Overview

Recent reports from various brokerages regarding ATSG highlight a mix of ratings. Loop Capital reaffirmed a "hold" rating with a target price of $22.50, up from a previous $22.00, in a report published on November 5th. StockNews.com initiated coverage on Air Transport Services Group on a recent Monday, issuing a "hold" rating for the company. Additionally, Truist Financial raised their target price from $15.00 to $22.50, also retaining a "hold" rating. In total, four research analysts recommend holding the stock, while two analysts rate it as a buy. According to MarketBeat data, the consensus rating for ATSG is "Hold," with an average target price of $20.60.

About Air Transport Services Group

Air Transport Services Group, Inc., along with its subsidiaries, provides aircraft leasing and air cargo transportation and related services both in the United States and internationally. The company operates through two segments: Cargo Aircraft Management Inc (CAM) and ACMI Services. They offer a variety of services including aircraft, flight crews, aircraft hull and liability insurance, aviation fuel services, and aircraft maintenance and modification services.

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