Quinn Opportunity Partners LLC Makes New Investment in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Quinn Opportunity Partners LLC acquired a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 23,106 shares of the transportation company's stock, valued at approximately $508,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Covestor Ltd increased its position in shares of Air Transport Services Group by 96.8% in the fourth quarter. Covestor Ltd now owns 3,729 shares of the transportation company's stock valued at $82,000 after acquiring an additional 1,834 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Air Transport Services Group in the 4th quarter valued at about $5,356,000. Capula Management Ltd bought a new position in shares of Air Transport Services Group in the fourth quarter worth $10,618,000. FIL Ltd acquired a new stake in shares of Air Transport Services Group in the 4th quarter valued at $31,146,000. Finally, Bank of Montreal Can raised its stake in Air Transport Services Group by 9.0% during the fourth quarter. Bank of Montreal Can now owns 123,682 shares of the transportation company's stock worth $2,719,000 after acquiring an additional 10,200 shares in the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Stock Performance

Shares of NASDAQ:ATSG remained flat at $22.48 during trading on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89. Air Transport Services Group, Inc. has a 12 month low of $11.69 and a 12 month high of $22.49. The stock's 50-day moving average is $22.34 and its two-hundred day moving average is $21.11.

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Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last announced its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $521.36 million. On average, sell-side analysts anticipate that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Air Transport Services Group in a research note on Monday. They issued a "hold" rating for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $20.60.

About Air Transport Services Group

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.