Two Sigma Advisers LP Sells 26,544 Shares of Air Transport Services Group Inc. (ATSG)

Two Sigma Advisers LP lowered its position in shares of Air Transport Services Group Inc. (NASDAQ:ATSG) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 304,291 shares of the transportation company’s stock after selling 26,544 shares during the quarter. Two Sigma Advisers LP owned approximately 0.52% of Air Transport Services Group worth $6,941,000 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. Oppenheimer Asset Management Inc. bought a new stake in shares of Air Transport Services Group in the 4th quarter worth about $30,000. Great West Life Assurance Co. Can bought a new stake in shares of Air Transport Services Group during the 4th quarter valued at about $73,000. Citigroup Inc. grew its position in shares of Air Transport Services Group by 33.2% during the 4th 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 last quarter. MetLife Investment Advisors LLC grew its position in shares of Air Transport Services Group by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 42,742 shares of the transportation company’s stock valued at $918,000 after buying an additional 15,204 shares during the last quarter. Finally, Equitable Trust Co. grew its position in shares of Air Transport Services Group by 65.7% during the 3rd quarter. Equitable Trust Co. now owns 50,132 shares of the transportation company’s stock valued at $1,076,000 after buying an additional 19,882 shares during the last quarter. Institutional investors own 88.77% of the company’s stock.

In other news, insider Michael L. Berger purchased 3,850 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were acquired at an average price of $21.98 per share, for a total transaction of $84,623.00. Following the completion of the acquisition, the insider now directly owns 23,950 shares of the company’s stock, valued at $526,421. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 sale, the chief financial officer now owns 251,728 shares in the company, valued at approximately $5,860,227.84. The disclosure for this sale can be found here. Insiders purchased a total of 38,275 shares of company stock worth $778,477 over the last quarter. Insiders own 2.30% of the company’s stock.

Shares of NASDAQ:ATSG traded up $0.12 during trading on Friday, reaching $23.73. The company had a trading volume of 116,249 shares, compared to its average volume of 347,609. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 3.14. Air Transport Services Group Inc. has a twelve month low of $17.06 and a twelve month high of $25.82. The firm has a market cap of $1.41 billion, a P/E ratio of 18.98 and a beta of 0.95.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Wednesday, February 27th. The transportation company reported $0.36 EPS for the quarter, topping 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 business had revenue of $280.78 million for the quarter, compared to the consensus estimate of $228.42 million. During the same period in the previous year, the firm earned $0.30 EPS. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. Equities research analysts forecast that Air Transport Services Group Inc. will post 1.27 EPS for the current year.

A number of equities research analysts recently weighed in on ATSG shares. Seaport Global Securities set a $30.00 price objective on shares of Air Transport Services Group and gave the company a “buy atsg” rating in a research report on Monday, December 24th. Zacks Investment Research raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. ValuEngine raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. BidaskClub raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Friday, January 4th. Finally, Imperial Capital upped their price target on shares of Air Transport Services Group from $27.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $27.83.

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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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