Russell Investments Group Ltd. cut its holdings in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) by 30.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 399,940 shares of the transportation company’s stock after selling 175,852 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.68% of Air Transport Services Group worth $9,736,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in Air Transport Services Group by 16,471.6% during the second quarter. Victory Capital Management Inc. now owns 1,141,285 shares of the transportation company’s stock valued at $24,857,000 after acquiring an additional 1,134,398 shares during the period. Castleark Management LLC bought a new stake in Air Transport Services Group during the second quarter valued at about $8,242,000. State Street Corp raised its holdings in Air Transport Services Group by 7.1% during the second quarter. State Street Corp now owns 1,000,779 shares of the transportation company’s stock valued at $21,794,000 after acquiring an additional 66,711 shares during the period. Goldman Sachs Group Inc. raised its holdings in Air Transport Services Group by 189.3% during the second quarter. Goldman Sachs Group Inc. now owns 89,127 shares of the transportation company’s stock valued at $1,941,000 after acquiring an additional 58,317 shares during the period. Finally, Nicholas Investment Partners LP bought a new stake in Air Transport Services Group during the second quarter valued at about $3,836,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

ATSG has been the topic of a number of recent analyst reports. Zacks Investment Research cut Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Cowen set a $27.00 price target on Air Transport Services Group and gave the company a “buy” rating in a report on Friday, October 13th. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price target on shares of Air Transport Services Group in a report on Tuesday, September 12th. Stephens reissued an “overweight” rating and set a $29.00 price target (up from $27.00) on shares of Air Transport Services Group in a report on Tuesday, November 7th. Finally, Susquehanna Bancshares initiated coverage on Air Transport Services Group in a report on Thursday, August 17th. They set a “neutral” rating and a $22.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Air Transport Services Group presently has a consensus rating of “Hold” and a consensus target price of $24.86.

Air Transport Services Group, Inc (ATSG) opened at $24.24 on Wednesday. The firm has a market capitalization of $1,430.00, a PE ratio of 30.75 and a beta of 1.96. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62. Air Transport Services Group, Inc has a 12-month low of $14.97 and a 12-month high of $26.75.

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

In other news, Director Joseph Edward Roux sold 10,012 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 27,862 shares in the company, valued at $657,821.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider W Joseph Payne sold 7,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $24.20, for a total value of $181,500.00. Following the transaction, the insider now owns 177,952 shares of the company’s stock, valued at approximately $4,306,438.40. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Air Transport Services Group, Inc (ATSG) Holdings Reduced by Russell Investments Group Ltd.” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/06/air-transport-services-group-inc-atsg-holdings-reduced-by-russell-investments-group-ltd.html.

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.