The Manufacturers Life Insurance Company raised its holdings in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) by 7.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,258 shares of the transportation company’s stock after purchasing an additional 2,860 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of Air Transport Services Group worth $899,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Advisor Group Inc. lifted its holdings in Air Transport Services Group by 21.4% during the 2nd quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 1,217 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in Air Transport Services Group during the 2nd quarter valued at $168,000. First Mercantile Trust Co. acquired a new stake in Air Transport Services Group during the 2nd quarter valued at $169,000. Bayesian Capital Management LP acquired a new stake in Air Transport Services Group during the 2nd quarter valued at $263,000. Finally, Legal & General Group Plc lifted its holdings in Air Transport Services Group by 4.3% during the 2nd quarter. Legal & General Group Plc now owns 12,353 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 510 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

ATSG has been the subject of several research reports. BidaskClub downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price target on shares of Air Transport Services Group in a report on Friday, August 4th. TheStreet downgraded Air Transport Services Group from a “b+” rating to a “c+” rating in a report on Monday, August 7th. Zacks Investment Research downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $27.00 price target (up previously from $25.00) on shares of Air Transport Services Group in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $24.25.

In other news, Director Joseph Edward Roux sold 10,012 shares of Air Transport Services Group stock in a transaction on Monday, November 13th. The stock was sold at an average price of $23.61, for a total transaction of $236,383.32. Following the completion of the sale, the director now owns 27,862 shares of the company’s stock, valued at $657,821.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard M. Baudouin sold 8,100 shares of Air Transport Services Group stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $21.71, for a total value of $175,851.00. The disclosure for this sale can be found here. Insiders have sold 25,612 shares of company stock valued at $593,734 in the last three months. Insiders own 2.20% of the company’s stock.

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Shares of Air Transport Services Group, Inc (NASDAQ ATSG) opened at $22.90 on Wednesday. Air Transport Services Group, Inc has a twelve month low of $14.97 and a twelve month high of $26.75. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $1,399.99, a price-to-earnings ratio of 29.98 and a beta of 2.00.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. The company had revenue of $254.10 million during the quarter, compared to the consensus estimate of $256.13 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue was up 31.5% on a year-over-year basis. research analysts forecast that Air Transport Services Group, Inc will post 0.86 EPS for the current fiscal year.

Air Transport Services Group Company 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)

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