Air Transport Services Group Inc. (ATSG) Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its holdings in Air Transport Services Group Inc. (NASDAQ:ATSG) by 74.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,344 shares of the transportation company’s stock after selling 72,594 shares during the period. First Trust Advisors LP’s holdings in Air Transport Services Group were worth $555,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Air Transport Services Group by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,392,686 shares of the transportation company’s stock valued at $72,838,000 after purchasing an additional 17,960 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Air Transport Services Group by 3.2% during the third quarter. Baird Financial Group Inc. now owns 299,166 shares of the transportation company’s stock valued at $6,226,000 after acquiring an additional 9,391 shares during the last quarter. United Services Automobile Association raised its stake in shares of Air Transport Services Group by 2.2% during the third quarter. United Services Automobile Association now owns 275,932 shares of the transportation company’s stock valued at $5,924,000 after acquiring an additional 6,022 shares during the last quarter. Royce & Associates LP raised its stake in shares of Air Transport Services Group by 11.6% during the third quarter. Royce & Associates LP now owns 163,000 shares of the transportation company’s stock valued at $3,500,000 after acquiring an additional 17,000 shares during the last quarter. Finally, Private Capital Management LLC raised its stake in shares of Air Transport Services Group by 1.9% during the third quarter. Private Capital Management LLC now owns 1,239,066 shares of the transportation company’s stock valued at $26,603,000 after acquiring an additional 23,667 shares during the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on ATSG. BidaskClub upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Friday, January 4th. Imperial Capital reiterated an “outperform” rating and set a $28.00 price objective (down from $31.00) on shares of Air Transport Services Group in a research report on Tuesday, March 5th. Susquehanna Bancshares upgraded shares of Air Transport Services Group from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $21.00 to $30.00 in a research report on Friday, February 8th. Zacks Investment Research cut shares of Air Transport Services Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 5th. Finally, ValuEngine cut shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Air Transport Services Group currently has a consensus rating of “Hold” and a consensus target price of $27.83.

In other news, Director Robert K. Coretz acquired 25,000 shares of Air Transport Services Group stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average price of $20.05 per share, with a total value of $501,250.00. Following the completion of the purchase, the director now owns 100,000 shares in the company, valued at $2,005,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Quint O. Turner sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $23.28, for a total transaction of $69,840.00. Following the transaction, the chief financial officer now directly owns 251,728 shares of the company’s stock, valued at approximately $5,860,227.84. The disclosure for this sale can be found here. Insiders have purchased 38,275 shares of company stock worth $778,477 over the last three months. 2.30% of the stock is owned by insiders.

Air Transport Services Group stock opened at $23.35 on Tuesday. Air Transport Services Group Inc. has a 1-year low of $17.06 and a 1-year high of $25.82. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 18.68 and a beta of 0.95. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.98 and a current ratio of 1.13.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Wednesday, February 27th. The transportation company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Air Transport Services Group had a net margin of 7.76% and a return on equity of 20.19%. The firm had revenue of $280.78 million for the quarter, compared to analyst estimates of $228.42 million. During the same period last year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. Equities research analysts predict that Air Transport Services Group Inc. will post 1.27 EPS for the current year.

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About Air Transport Services Group

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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