Nicholas Investment Partners LP acquired a new position in Air Transport Services Group, Inc (NASDAQ:ATSG) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 176,028 shares of the transportation company’s stock, valued at approximately $3,836,000. Nicholas Investment Partners LP owned 0.30% of Air Transport Services Group at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. New York State Common Retirement Fund lifted its position in shares of Air Transport Services Group by 40.1% in the 2nd quarter. New York State Common Retirement Fund now owns 71,171 shares of the transportation company’s stock worth $1,550,000 after acquiring an additional 20,370 shares during the period. Laurion Capital Management LP bought a new stake in shares of Air Transport Services Group in the 2nd quarter worth approximately $2,004,000. Nationwide Fund Advisors lifted its position in shares of Air Transport Services Group by 125.3% in the 2nd quarter. Nationwide Fund Advisors now owns 98,455 shares of the transportation company’s stock worth $2,144,000 after acquiring an additional 54,762 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Air Transport Services Group by 9.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 209,748 shares of the transportation company’s stock worth $4,569,000 after acquiring an additional 17,598 shares during the period. Finally, Uniplan Investment Counsel Inc. lifted its position in shares of Air Transport Services Group by 4.0% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 654,249 shares of the transportation company’s stock worth $14,249,000 after acquiring an additional 25,449 shares during the period. Institutional investors own 88.07% of the company’s stock.

In related news, Director Richard M. Baudouin sold 8,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $21.71, for a total value of $175,851.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Matthew E. Fedders sold 4,102 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $22.24, for a total value of $91,228.48. Following the completion of the sale, the vice president now owns 24,842 shares of the company’s stock, valued at $552,486.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,202 shares of company stock valued at $389,679. 2.20% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: This article was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/09/20/nicholas-investment-partners-lp-invests-3-84-million-in-air-transport-services-group-inc-atsg.html.

Shares of Air Transport Services Group, Inc (NASDAQ:ATSG) traded up 1.19% during trading on Wednesday, hitting $23.82. The stock had a trading volume of 11,449 shares. The stock’s market capitalization is $1.41 billion. The stock’s 50-day moving average is $23.03 and its 200-day moving average is $21.10. Air Transport Services Group, Inc has a 12-month low of $12.94 and a 12-month high of $25.75.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Monday, August 7th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $253.21 million during the quarter, compared to analysts’ expectations of $235.69 million. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The business’s revenue was up 43.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. Analysts predict that Air Transport Services Group, Inc will post $0.86 EPS for the current fiscal year.

A number of brokerages have commented on ATSG. TheStreet downgraded Air Transport Services Group from a “b+” rating to a “c+” rating in a research report on Monday, August 7th. Cowen and Company reiterated an “outperform” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Air Transport Services Group in a research report on Thursday, August 10th. BidaskClub upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price objective on shares of Air Transport Services Group in a research report on Friday, August 4th. Finally, Susquehanna Bancshares Inc began coverage on Air Transport Services Group in a research report on Thursday, August 17th. They issued a “neutral” rating and a $22.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $23.13.

Air Transport Services Group Profile

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Institutional Ownership by Quarter for Air Transport Services Group (NASDAQ:ATSG)

Receive News & Stock Ratings for Air Transport Services Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Transport Services Group Inc and related stocks with our FREE daily email newsletter.