Air Transport Services Group Inc. (ATSG) Stake Increased by Globeflex Capital L P

Globeflex Capital L P boosted its position in Air Transport Services Group Inc. (NASDAQ:ATSG) by 17,878.8% during the first quarter, Holdings Channel reports. The fund owned 11,866 shares of the transportation company’s stock after buying an additional 11,800 shares during the period. Globeflex Capital L P’s holdings in Air Transport Services Group were worth $190,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock worth $111,000 after buying an additional 1,058 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Air Transport Services Group by 87.5% in the first quarter. Envestnet Asset Management Inc. now owns 11,136 shares of the transportation company’s stock worth $180,000 after buying an additional 5,196 shares during the last quarter. SG Americas Securities LLC increased its position in Air Transport Services Group by 17.1% in the first quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock worth $180,000 after buying an additional 1,632 shares during the last quarter. Intrust Bank NA purchased a new position in Air Transport Services Group during the first quarter worth about $233,000. Finally, Trexquant Investment LP purchased a new position in Air Transport Services Group during the fourth quarter worth about $356,000. 87.34% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Air Transport Services Group Inc. (NASDAQ ATSG) traded up 2.06% during midday trading on Friday, reaching $22.75. The company had a trading volume of 130,549 shares. The company’s 50 day moving average price is $22.77 and its 200-day moving average price is $18.11. Air Transport Services Group Inc. has a 52 week low of $12.36 and a 52 week high of $24.21. The company has a market capitalization of $1.35 billion, a P/E ratio of 61.82 and a beta of 1.94.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The firm had revenue of $237.92 million for the quarter, compared to the consensus estimate of $214.09 million. Air Transport Services Group had a return on equity of 11.68% and a net margin of 4.12%. On average, equities research analysts predict that Air Transport Services Group Inc. will post $0.96 earnings per share for the current fiscal year.

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A number of equities analysts have recently issued reports on the company. Cowen and Company reissued an “outperform” rating on shares of Air Transport Services Group in a research report on Monday, May 15th. Zacks Investment Research downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 7th. Imperial Capital increased their price target on Air Transport Services Group from $18.00 to $23.00 and gave the stock an “in-line” rating in a research report on Friday, May 5th. BidaskClub downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Finally, Stephens raised Air Transport Services Group from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research report on Saturday, March 11th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $22.33.

In related news, insider Brady Thomas Templeton sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $23.72, for a total transaction of $83,020.00. Following the completion of the transaction, the insider now directly owns 90,729 shares of the company’s stock, valued at approximately $2,152,091.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Willem Mesdag sold 4,377,330 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $22.42, for a total value of $98,139,738.60. The disclosure for this sale can be found here. Insiders have sold a total of 4,464,090 shares of company stock valued at $100,135,622 over the last three months. 2.20% of the stock is currently owned by insiders.

About Air Transport Services Group

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ATSG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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