NJ State Employees Deferred Compensation Plan continued to hold its stake in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the transportation company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Air Transport Services Group were worth $218,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ATSG. Envestnet Asset Management Inc. raised 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 valued at $180,000 after buying an additional 5,196 shares in the last quarter. Oxford Asset Management purchased a new position in Air Transport Services Group during the first quarter valued at $1,507,000. Parkwood LLC purchased a new position in Air Transport Services Group during the first quarter valued at $1,011,000. Sei Investments Co. raised its position in Air Transport Services Group by 15.0% in the first quarter. Sei Investments Co. now owns 91,250 shares of the transportation company’s stock valued at $1,464,000 after buying an additional 11,912 shares in the last quarter. Finally, Intrust Bank NA purchased a new position in Air Transport Services Group during the first quarter valued at $233,000. 87.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Air Transport Services Group, Inc (ATSG) opened at 22.92 on Friday. The stock has a 50 day moving average price of $23.31 and a 200-day moving average price of $19.87. Air Transport Services Group, Inc has a one year low of $12.94 and a one year high of $25.75. The company’s market capitalization is $1.36 billion.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The firm had revenue of $253.21 million during the quarter, compared to the consensus estimate of $235.69 million. During the same quarter in the prior year, the company earned $0.13 EPS. The firm’s revenue for the quarter was up 43.4% compared to the same quarter last year. Equities research analysts predict that Air Transport Services Group, Inc will post $0.89 earnings per share for the current fiscal year.

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ATSG has been the topic of several research analyst reports. Zacks Investment Research lowered Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 17th. Imperial Capital raised their target price on Air Transport Services Group from $18.00 to $23.00 and gave the company an “in-line” rating in a report on Friday, May 5th. Cowen and Company raised their target price on Air Transport Services Group from $19.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 target price on shares of Air Transport Services Group in a report on Friday, August 4th. Finally, BidaskClub upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $23.29.

In related news, CFO Quint O. Turner sold 8,048 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $23.08, for a total transaction of $185,747.84. Following the completion of the sale, the chief financial officer now owns 271,175 shares in the company, valued at approximately $6,258,719. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Willem Mesdag sold 4,377,330 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were 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. In the last 90 days, insiders have sold 4,414,480 shares of company stock valued at $99,000,315. 2.20% of the stock is owned by corporate insiders.

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.

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

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