Moab Capital Partners LLC lifted its stake in shares of Air Transport Services Group Inc. (NASDAQ:ATSG) by 45.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,053,356 shares of the transportation company’s stock after purchasing an additional 643,279 shares during the quarter. Air Transport Services Group makes up approximately 10.9% of Moab Capital Partners LLC’s portfolio, making the stock its 4th largest holding. Moab Capital Partners LLC’s holdings in Air Transport Services Group were worth $46,837,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ATSG. Oppenheimer Asset Management Inc. acquired a new position in Air Transport Services Group during the fourth quarter valued at $30,000. Great West Life Assurance Co. Can acquired a new position in Air Transport Services Group during the fourth quarter valued at $73,000. Suntrust Banks Inc. acquired a new position in Air Transport Services Group during the fourth quarter valued at $226,000. Metropolitan Life Insurance Co. NY raised its position in Air Transport Services Group by 368.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,330 shares of the transportation company’s stock valued at $441,000 after buying an additional 15,204 shares during the period. Finally, Citigroup Inc. raised its position in Air Transport Services Group by 33.2% during the fourth quarter. Citigroup Inc. now owns 28,086 shares of the transportation company’s stock valued at $641,000 after buying an additional 7,005 shares during the period. 89.18% of the stock is currently owned by institutional investors.

ATSG has been the topic of several recent analyst reports. Imperial Capital upped their price target on Air Transport Services Group from $27.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, January 31st. Seaport Global Securities set a $30.00 price target on Air Transport Services Group and gave the company a “buy” rating in a research report on Wednesday, January 2nd. BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Friday, January 4th. ValuEngine raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. Finally, Zacks Investment Research lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. Three analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $27.83.

In related news, CEO Joseph C. Hete purchased 2,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $20.04 per share, for a total transaction of $50,100.00. Following the purchase, the chief executive officer now owns 670,195 shares in the company, valued at approximately $13,430,707.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey C. Crippen purchased 5,700 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were bought at an average price of $20.58 per share, with a total value of $117,306.00. Following the purchase, the insider now owns 36,700 shares in the company, valued at approximately $755,286. The disclosure for this purchase can be found here. Insiders acquired 33,200 shares of company stock worth $668,656 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

NASDAQ ATSG traded down $0.14 on Tuesday, reaching $21.47. The stock had a trading volume of 4,206 shares, compared to its average volume of 710,930. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.13 and a quick ratio of 0.98. Air Transport Services Group Inc. has a 1 year low of $17.06 and a 1 year high of $25.82. The company has a market capitalization of $1.26 billion, a P/E ratio of 17.20 and a beta of 0.96.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Wednesday, February 27th. The transportation company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Air Transport Services Group had a return on equity of 20.19% and a net margin of 7.76%. The firm had revenue of $280.78 million for the quarter, compared to the consensus estimate of $228.42 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. On average, equities analysts anticipate that Air Transport Services Group Inc. will post 1.3 EPS for the current year.

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Air Transport Services Group Company Profile

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

Further Reading: What is a Lock-Up Period?

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

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