Highbridge Capital Management LLC purchased a new position in Air Transport Services Group, Inc (NASDAQ:ATSG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 94,000 shares of the transportation company’s stock, valued at approximately $2,288,000. Highbridge Capital Management LLC owned about 0.16% of Air Transport Services Group as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Lyon Street Capital LLC grew its holdings in Air Transport Services Group by 30.0% in the 3rd quarter. Lyon Street Capital LLC now owns 291,894 shares of the transportation company’s stock worth $7,105,000 after acquiring an additional 67,378 shares during the last quarter. Royce & Associates LP bought a new stake in Air Transport Services Group in the 3rd quarter worth $998,000. Nicholas Investment Partners LP grew its holdings in Air Transport Services Group by 69.5% in the 3rd quarter. Nicholas Investment Partners LP now owns 298,445 shares of the transportation company’s stock worth $7,264,000 after acquiring an additional 122,417 shares during the last quarter. Bluestein R H & Co. bought a new stake in Air Transport Services Group in the 3rd quarter worth $365,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in Air Transport Services Group by 27.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 330,144 shares of the transportation company’s stock worth $8,036,000 after acquiring an additional 70,887 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of Air Transport Services Group, Inc (ATSG) opened at $23.35 on Thursday. Air Transport Services Group, Inc has a 12-month low of $14.97 and a 12-month high of $26.75. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.97 and a quick ratio of 0.87. The company has a market cap of $1,359.19, a PE ratio of 29.10 and a beta of 1.96.

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

A number of equities research analysts have issued reports on ATSG shares. Cowen set a $27.00 price target on shares of Air Transport Services Group and gave the stock a “buy” rating in a report on Friday, October 13th. BidaskClub cut shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $22.00 target price (up from $20.00) on shares of Air Transport Services Group in a research report on Tuesday, November 7th. Finally, Zacks Investment Research raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $24.86.

In related news, CFO Quint O. Turner sold 6,750 shares of Air Transport Services Group stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $23.98, for a total transaction of $161,865.00. Following the completion of the transaction, the chief financial officer now directly owns 264,425 shares of the company’s stock, valued at approximately $6,340,911.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider W Joseph Payne sold 7,500 shares of Air Transport Services Group stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $24.20, for a total transaction of $181,500.00. Following the transaction, the insider now directly owns 177,952 shares of the company’s stock, valued at $4,306,438.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,262 shares of company stock valued at $579,748. Corporate insiders own 2.20% of the company’s stock.

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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)

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