First Trust Advisors LP Decreases Position in Air Transport Services Group Inc. (ATSG)

First Trust Advisors LP lowered its stake in Air Transport Services Group Inc. (NASDAQ:ATSG) by 27.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 96,938 shares of the transportation company’s stock after selling 36,338 shares during the period. First Trust Advisors LP owned approximately 0.16% of Air Transport Services Group worth $2,081,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in Air Transport Services Group by 12.2% in the 2nd quarter. Bank of America Corp DE now owns 995,400 shares of the transportation company’s stock valued at $22,485,000 after buying an additional 108,282 shares during the last quarter. Putnam Investments LLC acquired a new position in Air Transport Services Group in the 2nd quarter valued at about $2,844,000. Rhumbline Advisers grew its stake in Air Transport Services Group by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 59,369 shares of the transportation company’s stock valued at $1,341,000 after buying an additional 2,710 shares during the last quarter. Millennium Management LLC grew its stake in Air Transport Services Group by 45.7% in the 2nd quarter. Millennium Management LLC now owns 655,518 shares of the transportation company’s stock valued at $14,808,000 after buying an additional 205,648 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Air Transport Services Group by 1.8% in the 2nd quarter. Northern Trust Corp now owns 712,703 shares of the transportation company’s stock valued at $16,100,000 after buying an additional 12,436 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

NASDAQ ATSG opened at $18.53 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.02 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 14.94 and a beta of 1.82. Air Transport Services Group Inc. has a 12-month low of $17.67 and a 12-month high of $27.67.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Friday, November 2nd. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The business had revenue of $204.90 million during the quarter, compared to the consensus estimate of $209.60 million. Air Transport Services Group had a net margin of 18.06% and a return on equity of 19.89%. The business’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. On average, research analysts forecast that Air Transport Services Group Inc. will post 1.29 EPS for the current fiscal year.

A number of brokerages recently commented on ATSG. Zacks Investment Research lowered shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 price target (down previously from $26.00) on shares of Air Transport Services Group in a research note on Wednesday, August 8th. ValuEngine raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. BidaskClub downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 29th. Finally, Imperial Capital cut their price objective on shares of Air Transport Services Group from $25.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $25.50.

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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.

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

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