1 week Ago By Defense World Staff
Arrowstreet Capital Limited Partnership lowered its stake in shares of Air Transport Services Group, Inc. ( NASDAQ:ATSG – Free Report ) by 37.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 428,761 shares of the transportation company’s stock after selling 259,335 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.65% of Air Transport Services Group worth $9,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new stake in Air Transport Services Group during the 4th quarter worth approximately $33,000. AlphaQuest LLC grew its holdings in shares of Air Transport Services Group by 89.
8% during the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after buying an additional 1,246 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Air Transport Services Group in the 4th quarter valued at $99,000.
Skandinaviska Enskilda Banken AB publ purchased a new position in Air Transport Services Group in the 4th quarter worth $204,000. Finally, Peoples Bank OH acquired a new stake in Air Transport Services Group during the 4th quarter worth about $216,000. Hedge funds and other institutional investors own 91.
81% of the company’s stock. Wall Street Analysts Forecast Growth Separately, StockNews.com assumed coverage on shares of Air Transport Services Group in a research report on Sunday.
They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Air Transport Services Group currently has an average rating of “Hold” and an average price target of $20.
60. Air Transport Services Group Stock Up 0.0 % Shares of ATSG opened at $22.
40 on Monday. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -559.
86 and a beta of 0.88. Air Transport Services Group, Inc.
has a 52 week low of $11.69 and a 52 week high of $22.47.
The stock’s 50-day moving average price is $22.31 and its 200-day moving average price is $20.76.
The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.
06. Air Transport Services Group ( NASDAQ:ATSG – Get Free Report ) last released its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.
40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05.
The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $521.36 million.
Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%.
On average, sell-side analysts predict that Air Transport Services Group, Inc. will post 0.83 EPS for the current year.
Air Transport Services Group Profile ( Free Report ) Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.
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