Russell Investments Group Ltd. increased its stake in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) by 49.9% during the second quarter, Holdings Channel reports. The fund owned 575,792 shares of the transportation company’s stock after buying an additional 191,760 shares during the period. Russell Investments Group Ltd.’s holdings in Air Transport Services Group were worth $12,540,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. boosted its stake in shares of Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,058 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Air Transport Services Group by 17.1% in the first quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock valued at $180,000 after buying an additional 1,632 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of 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 during the last quarter. Globeflex Capital L P boosted its stake in shares of Air Transport Services Group by 17,878.8% in the first quarter. Globeflex Capital L P now owns 11,866 shares of the transportation company’s stock valued at $190,000 after buying an additional 11,800 shares during the last quarter. Finally, Intrust Bank NA bought a new stake in shares of Air Transport Services Group during the first quarter valued at about $233,000. Institutional investors own 87.64% of the company’s stock.

Air Transport Services Group, Inc (NASDAQ ATSG) traded down 0.96% during trading on Friday, hitting $22.70. The stock had a trading volume of 483,566 shares. The firm’s market cap is $1.34 billion. The stock’s 50-day moving average is $23.32 and its 200 day moving average is $19.92. Air Transport Services Group, Inc has a one year low of $12.94 and a one year high of $25.75.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $253.21 million during the quarter, compared to analysts’ expectations of $235.69 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The business’s revenue for the quarter was up 43.4% compared to the same quarter last year. Equities analysts anticipate that Air Transport Services Group, Inc will post $0.89 earnings per share for the current year.

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Several analysts have issued reports on ATSG shares. Sidoti restated a “buy” rating and issued a $26.00 target price (up from $23.00) on shares of Air Transport Services Group in a report on Sunday, May 14th. BidaskClub upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. TheStreet cut Air Transport Services Group from a “b+” rating to a “c+” rating in a report on Monday, August 7th. Zacks Investment Research cut Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $20.00 target price on shares of Air Transport Services Group in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.29.

In related news, insider Willem Mesdag sold 4,377,330 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $22.42, for a total value of $98,139,738.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider W Joseph Payne sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total value of $122,600.00. Following the completion of the transaction, the insider now owns 185,452 shares of the company’s stock, valued at $4,547,283.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,414,480 shares of company stock valued at $99,000,315. Insiders own 2.20% of the company’s stock.

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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