Cortina Asset Management LLC lessened its stake in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 393,736 shares of the transportation company’s stock after selling 3,432 shares during the period. Cortina Asset Management LLC owned 0.67% of Air Transport Services Group worth $9,584,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. increased its stake in Air Transport Services Group by 21.4% during the 2nd quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock worth $150,000 after acquiring an additional 1,217 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of Air Transport Services Group in the 2nd quarter valued at $168,000. First Mercantile Trust Co. acquired a new stake in shares of Air Transport Services Group in the 2nd quarter valued at $169,000. SG Americas Securities LLC acquired a new stake in shares of Air Transport Services Group in the 3rd quarter valued at $258,000. Finally, Prudential Financial Inc. acquired a new stake in shares of Air Transport Services Group in the 3rd quarter valued at $262,000. Hedge funds and other institutional investors own 89.24% of the company’s stock.

In related news, insider W Joseph Payne sold 7,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $24.20, for a total transaction of $181,500.00. Following the sale, the insider now owns 177,952 shares of the company’s stock, valued at approximately $4,306,438.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph Edward Roux sold 10,012 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $23.61, for a total value of $236,383.32. Following the sale, the director now directly owns 27,862 shares in the company, valued at approximately $657,821.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,612 shares of company stock worth $593,734. 2.20% of the stock is currently owned by company insiders.

A number of brokerages have weighed in on ATSG. Zacks Investment Research raised Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Cowen and Company set a $27.00 target price on Air Transport Services Group and gave the company a “buy” rating in a report on Friday, October 13th. TheStreet downgraded Air Transport Services Group from a “b+” rating to a “c+” rating in a report on Monday, August 7th. Susquehanna Bancshares Inc began coverage on Air Transport Services Group in a report on Thursday, August 17th. They issued a “neutral” rating and a $22.00 target price on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 target price on shares of Air Transport Services Group in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $24.25.

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Air Transport Services Group, Inc (NASDAQ:ATSG) traded up $0.10 during midday trading on Tuesday, hitting $23.43. The company had a trading volume of 505,800 shares, compared to its average volume of 428,972. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.87 and a current ratio of 0.97. Air Transport Services Group, Inc has a 12 month low of $14.97 and a 12 month high of $26.75. The firm has a market cap of $1,390.00, a P/E ratio of 29.53 and a beta of 2.00.

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

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.

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

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