First Trust Advisors LP raised its holdings in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) by 30.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,566 shares of the transportation company’s stock after acquiring an additional 25,959 shares during the period. First Trust Advisors LP owned approximately 0.19% of Air Transport Services Group worth $2,716,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ATSG. Victory Capital Management Inc. lifted its stake in Air Transport Services Group by 16,471.6% during the 2nd quarter. Victory Capital Management Inc. now owns 1,141,285 shares of the transportation company’s stock valued at $24,857,000 after acquiring an additional 1,134,398 shares during the period. Hodges Capital Management Inc. acquired a new position in shares of Air Transport Services Group in the 2nd quarter valued at $14,497,000. Castleark Management LLC acquired a new position in shares of Air Transport Services Group in the 2nd quarter valued at $8,242,000. Vanguard Group Inc. lifted its stake in shares of Air Transport Services Group by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,295,754 shares of the transportation company’s stock valued at $93,562,000 after purchasing an additional 245,120 shares during the period. Finally, Lyon Street Capital LLC acquired a new position in shares of Air Transport Services Group in the 2nd quarter valued at $4,890,000. Institutional investors and hedge funds own 89.24% of the company’s stock.

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Shares of Air Transport Services Group, Inc (NASDAQ ATSG) opened at $23.47 on Thursday. The company has a market cap of $1,402.94, a price-to-earnings ratio of 30.04 and a beta of 2.00. 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, Inc has a 1-year low of $14.97 and a 1-year high of $26.75.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Monday, November 6th. The transportation company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $254.10 million during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.14 EPS. analysts expect that Air Transport Services Group, Inc will post 0.86 earnings per share for the current year.

In related news, Director Richard M. Baudouin sold 8,100 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $21.71, for a total value of $175,851.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Edward Roux sold 10,012 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $23.61, for a total transaction of $236,383.32. Following the completion of the sale, the director now directly owns 27,862 shares of the company’s stock, valued at approximately $657,821.82. The disclosure for this sale can be found here. In the last three months, insiders sold 25,612 shares of company stock valued at $593,734. 2.20% of the stock is owned by insiders.

Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Cowen and Company set a $27.00 target price on shares of Air Transport Services Group and gave the company a “buy” rating in a research note on Friday, October 13th. TheStreet cut shares of Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. Susquehanna Bancshares Inc assumed coverage on shares of Air Transport Services Group in a research note on Thursday, August 17th. They issued a “neutral” rating and a $22.00 target price for the company. Finally, BidaskClub cut shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Air Transport Services Group presently has an average rating of “Hold” and a consensus target price of $24.25.

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.

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

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