Legato Capital Management LLC Sells 31,896 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Legato Capital Management LLC cut its position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 38.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,303 shares of the transportation company’s stock after selling 31,896 shares during the quarter. Legato Capital Management LLC owned approximately 0.08% of Air Transport Services Group worth $1,106,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Cetera Trust Company N.A grew its position in Air Transport Services Group by 6.6% during the fourth quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 725 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Air Transport Services Group by 2.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,804 shares of the transportation company’s stock valued at $386,000 after purchasing an additional 733 shares in the last quarter. Independence Bank of Kentucky bought a new position in shares of Air Transport Services Group during the 4th quarter valued at $33,000. Pullen Investment Management LLC grew its holdings in shares of 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 valued at $347,000 after purchasing an additional 3,155 shares during the last quarter. Finally, Creative Planning raised its position in Air Transport Services Group by 33.2% in the 3rd quarter. Creative Planning now owns 13,384 shares of the transportation company’s stock worth $217,000 after purchasing an additional 3,338 shares during the period. 91.81% of the stock is owned by hedge funds and other institutional investors.

Air Transport Services Group Stock Performance

Air Transport Services Group stock opened at $22.28 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The firm has a market cap of $1.47 billion, a P/E ratio of -556.86 and a beta of 0.84. Air Transport Services Group, Inc. has a 1-year low of $11.62 and a 1-year high of $22.33. The firm has a 50-day moving average of $22.07 and a 200-day moving average of $18.93.

Wall Street Analyst Weigh In

Several analysts have issued reports on ATSG shares. StockNews.com began coverage on shares of Air Transport Services Group in a research report on Sunday. They set a “hold” rating for the company. Loop Capital restated a “hold” rating and set a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Finally, 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 note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.60.

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.