American International Group Inc. raised its holdings in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) by 20.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,868 shares of the transportation company’s stock after purchasing an additional 6,586 shares during the quarter. American International Group Inc. owned 0.07% of Air Transport Services Group worth $946,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. raised its stake in shares of Air Transport Services Group by 7.3% in the second quarter. Sei Investments Co. now owns 97,867 shares of the transportation company’s stock valued at $2,132,000 after acquiring an additional 6,617 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Air Transport Services Group by 41.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 259,257 shares of the transportation company’s stock valued at $5,647,000 after acquiring an additional 75,684 shares during the period. First Mercantile Trust Co. purchased a new stake in shares of Air Transport Services Group in the second quarter valued at $169,000. Bank of New York Mellon Corp raised its stake in shares of Air Transport Services Group by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 578,941 shares of the transportation company’s stock valued at $12,609,000 after acquiring an additional 27,173 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Air Transport Services Group by 4.3% in the second quarter. Legal & General Group Plc now owns 12,353 shares of the transportation company’s stock valued at $269,000 after acquiring an additional 510 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Air Transport Services Group, Inc (NASDAQ ATSG) opened at $23.85 on Thursday. The company has a market cap of $1,392.89, a PE ratio of 29.82 and a beta of 1.96. 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 quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.62.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly 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. The company had revenue of $254.10 million for the quarter, compared to the consensus estimate of $256.13 million. Air Transport Services Group had a negative net margin of 7.77% and a positive return on equity of 16.62%. The firm’s revenue was up 31.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 EPS. analysts forecast that Air Transport Services Group, Inc will post 0.86 earnings per share for the current fiscal year.

ATSG has been the topic of several recent analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $22.00 target price (up previously from $20.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Zacks Investment Research downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Stephens reissued an “overweight” rating and issued a $29.00 target price (up previously from $27.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. BidaskClub downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, ValuEngine downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment 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. The company has an average rating of “Hold” and an average price target of $24.86.

In other Air Transport Services Group news, Director Joseph Edward Roux sold 10,012 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $23.61, for a total transaction of $236,383.32. Following the transaction, the director now owns 27,862 shares of the company’s stock, valued at approximately $657,821.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Quint O. Turner sold 6,750 shares of the firm’s 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 transaction, the chief financial officer now directly owns 264,425 shares in the company, valued at approximately $6,340,911.50. The disclosure for this sale can be found here. Insiders sold a total of 25,012 shares of company stock worth $597,748 in the last ninety days. 2.20% of the stock is currently owned by insiders.

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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.

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

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