Renaissance Technologies LLC lowered its position in Air Transport Services Group, Inc (NASDAQ:ATSG) by 50.6% during the first quarter, Holdings Channel reports. The firm owned 200,400 shares of the transportation company’s stock after selling 205,600 shares during the period. Renaissance Technologies LLC’s holdings in Air Transport Services Group were worth $3,216,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ATSG. Fox Run Management L.L.C. purchased a new stake in shares of Air Transport Services Group during the first quarter worth approximately $385,000. Rice Hall James & Associates LLC increased its stake in shares of Air Transport Services Group by 42.3% in the first quarter. Rice Hall James & Associates LLC now owns 163,369 shares of the transportation company’s stock worth $2,622,000 after buying an additional 48,541 shares during the period. Nationwide Fund Advisors increased its stake in shares of Air Transport Services Group by 0.4% in the first quarter. Nationwide Fund Advisors now owns 43,693 shares of the transportation company’s stock worth $701,000 after buying an additional 189 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Air Transport Services Group by 8.5% in the first quarter. Russell Investments Group Ltd. now owns 384,032 shares of the transportation company’s stock worth $6,163,000 after buying an additional 29,943 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its stake in shares of Air Transport Services Group by 423.2% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 512,489 shares of the transportation company’s stock worth $8,225,000 after buying an additional 414,539 shares during the period. Institutional investors and hedge funds own 87.64% of the company’s stock.

Air Transport Services Group, Inc (NASDAQ ATSG) traded down 0.96% during midday trading on Friday, hitting $22.70. 483,566 shares of the company traded hands. The stock has a 50 day moving average price of $23.32 and a 200-day moving average price of $19.92. The company’s market cap is $1.34 billion. Air Transport Services Group, Inc has a 12-month low of $12.94 and a 12-month high of $25.75.

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

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A number of equities research analysts have recently commented on ATSG shares. Imperial Capital lifted their price target on shares of Air Transport Services Group from $18.00 to $23.00 and gave the stock an “in-line” rating in a report on Friday, May 5th. Cowen and Company lifted their price target on shares of Air Transport Services Group from $19.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Zacks Investment Research upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Sidoti reiterated a “buy” rating and set a $26.00 price target (up from $23.00) on shares of Air Transport Services Group in a report on Sunday, May 14th. Finally, BidaskClub downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Air Transport Services Group has an average rating of “Hold” and a consensus price target of $23.29.

In other news, insider Willem Mesdag sold 4,377,330 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $22.42, for a total value of $98,139,738.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Matthew E. Fedders sold 4,102 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $22.24, for a total value of $91,228.48. Following the completion of the transaction, the vice president now owns 24,842 shares in the company, valued at approximately $552,486.08. The disclosure for this sale can be found here. Insiders sold a total of 4,414,480 shares of company stock worth $99,000,315 in the last quarter. 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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