Air Transport Services Group Inc. [ATSG] Investment Appeal on the Rise


In a filing, Air Transport Services Group Inc. revealed its 10% Owner AMAZON COM INC unloaded Company’s shares for reported $22.95 million on Aug 09. In the deal valued at $19.50 per share,1,177,000 shares were sold. As a result of this transaction, AMAZON COM INC now holds 12,741,445 shares worth roughly $ 274.83 million.

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Then, Fedders Matthew E. bought 1,200 shares, generating $19,920 in total proceeds. Upon buying the shares at $16.60, the VP, Controller now owns 41,376 shares.

Before that, Johns Raymond E Jr bought 2,200 shares. Air Transport Services Group Inc. shares valued at $36,278 were divested by the Director at a price of $16.49 per share. As a result of the transaction, Johns Raymond E Jr now holds 23,543 shares, worth roughly $0.51 million.

Truist initiated its Air Transport Services Group Inc. [ATSG] rating to a Hold in a research note published on Tuesday, October 21, 2022; the price target was $26. PT values the company’s stock at a premium of 17.04 to its Tuesday closing price.

Price Performance Review of ATSG

On Tuesday, Air Transport Services Group Inc. [NASDAQ:ATSG] saw its stock fall -0.23% to $21.57. On the same session, the stock had its day’s lowest price of $21.28, but rose to a high of $21.95. Over the last five days, the stock has gained 1.27%. Air Transport Services Group Inc. shares have fallen nearly -16.97% since the year began. Nevertheless, the stocks have fallen -27.76% over the past one year. While a 52-week high of $30.48 was reached on 02/02/23, a 52-week low of $14.39 was recorded on 05/09/23. SMA at 50 days reached $20.57, while 200 days put it at $22.14. A total of 0.68 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For ATSG Stock

The 24-hour chart illustrates a support level at 21.25, which if violated will result in even more drops to 20.93. On the upside, there is a resistance level at 21.92. A further resistance level may holdings at 22.27. The Relative Strength Index (RSI) on the 14-day chart is 52.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.94%. Stochastics %K at 44.44% indicates the stock is a holding.

How much short interest is there in Air Transport Services Group Inc.?

A steep rise in short interest was recorded in Air Transport Services Group Inc. stocks on Aug 14, 2023, growing by 2.85 million shares to a total of 5.0 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.15 million shares. There was a rise of 57.0%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 10.68% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.72.

Air Transport Services Group Inc. [ATSG] – Who Are The Largest Shareholders?

In filings from River Road Asset Management LLC, it is revealed that the company now owns 8,723,159 shares, or roughly 12.19% of the outstanding ATSG shares. In other words, the investor’s shares have risen by 248,051 from its previous 13-F filing of 8475108.0. Additionally, The Vanguard Group, Inc. decreased -6.34% of its stake after which the total value it holdings stand at $124,027,646, while Dimensional Fund Advisors LP reduced -6.87% of its stake to hold $71.85 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 53,681 shares of Air Transport Services Group Inc., while Barrow, Hanley, Mewhinney & Strau bought 20,944 shares. At present, JPMorgan Asset Management is holding 2,237,823 shares valued at $45.11 million. US Global Investors, Inc. owned 1,918,457 shares of the company at the time of its most recent 13F filing, worth $38.68 million.

According to FactSet, Air Transport Services Group Inc.’s share price will average $26.83 in the next year, based on opinions of analysts polled by the firm. This is up nearly 27.2 percent from its previous closing price of $21.62. Analysts expect Air Transport Services Group Inc. stock to reach the higher price of $30.00, while the lowest price estimate is $21.00. However, 6 analysts have rated ATSG stock as a Buy in their predictions for 2023.


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