Air Transport ServicesATSG
ATSG
About: Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry. It leases aircraft and provides airline operations, ground services, aircraft modification and maintenance, and other support services mainly to the cargo transportation and package delivery industries. The company has two reportable segments namely Cargo Aircraft Management and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). It generates a majority of its revenue from the ACMI services segment.
Employees: 5,095
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
76% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 17
16% more capital invested
Capital invested by funds: $924M [Q2] → $1.07B (+$149M) [Q3]
7% more funds holding
Funds holding: 154 [Q2] → 165 (+11) [Q3]
6% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 51
0% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]
0.51% less ownership
Funds ownership: 101.69% [Q2] → 101.18% (-0.51%) [Q3]
57% less call options, than puts
Call options by funds: $3.18M | Put options by funds: $7.43M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$23
2%
upside
Avg. target
$23
2%
upside
High target
$23
2%
upside
2 analyst ratings
0 positive
0%
2 neutral
100%
0 negative
0%
Truist Securities Michael Ciarmoli 78% 1-year accuracy 47 / 60 met price target | 2%upside $23 | Hold Maintained | 5 Nov 2024 |
Loop Capital Rick Paterson 33% 1-year accuracy 2 / 6 met price target | 2%upside $23 | Hold Downgraded | 5 Nov 2024 |
Financial journalist opinion
Neutral
Business Wire
6 hours ago
AIR TRANSPORT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Air Transport Services Group, Inc. - ATSG
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Air Transport Services Group, Inc. (NasdaqGS: ATSG) to Stonepeak. Under the terms of the proposed transaction, shareholders of Air Transport will receive $22.50 in cash for each share of Air Transport that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequ.
Neutral
Business Wire
3 weeks ago
ATSG Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Air Transport Services Group, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Air Transport Services Group, Inc. (NASDAQ: ATSG) to Stonepeak for $22.50 per share in cash is fair to Air Transport shareholders. Halper Sadeh encourages Air Transport shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns w.
Neutral
Business Wire
1 month ago
ATSG Announces Expiration of “Go-Shop” Period
WILMINGTON, Ohio & NEW YORK--(BUSINESS WIRE)--Air Transport Services Group, Inc. (NASDAQ:ATSG), a global leader in medium widebody freighter aircraft leasing, air transport operations, and support services, today announced the expiration of the 35-day “go-shop” period under the terms of the previously announced definitive merger agreement, pursuant to which Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, will acquire ATSG for $22.50 per share in.
Neutral
Business Wire
1 month ago
ATSG Raises $364,000 with Charity Golf Outings
WILMINGTON, Ohio--(BUSINESS WIRE)--ATSG raised $364,000 in donations during charity golf events this year to benefit the ATSG Charitable Foundation.
Negative
Zacks Investment Research
1 month ago
3 Air-Freight & Cargo Stocks to Keep an Eye On Amid Demand Woes
Headwinds like weak demand, high inflation and geopolitical woes hurt the Zacks Transportation-Air Freight and Cargo industry. UPS, GXO and ATSG are likely to stand out.
Neutral
Business Wire
1 month ago
ATSG Delivers Boeing 767-300 Freighter to CAMEX Airlines
WILMINGTON, Ohio--(BUSINESS WIRE)--ATSG announced that its subsidiary Airborne Global Leasing has delivered a Boeing 767 freighter under a long-term lease agreement with CAMEX Airlines.
Negative
Zacks Investment Research
2 months ago
ATSG Q3 Earnings & Revenues Miss Estimates, Decrease Y/Y
Air Transport Services' third-quarter 2024 earnings and revenues decrease year over year.
Neutral
Zacks Investment Research
2 months ago
Air Transport Services (ATSG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Air Transport Services (ATSG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
2 months ago
Air Transport Services (ATSG) Q3 Earnings and Revenues Lag Estimates
Air Transport Services (ATSG) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.32 per share a year ago.
Neutral
Business Wire
2 months ago
ATSG Reports Third Quarter 2024 Results
WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body freighter aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the third quarter ended September 30, 2024. Those results, as compared with the same period in 2023, were as follows: Third Quarter Results Revenues of $471 million, versus $523 million GAAP Loss per Share from Continuing Operations of ($0.0.
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