Proficio Capital Partners LLC Purchases Shares of 29,739 Air Transport Services Group, Inc. (NASDAQ:ATSG)

Proficio Capital Partners LLC acquired a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 29,739 shares of the transportation company's stock, valued at approximately $654,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new position in shares of Air Transport Services Group during the 4th quarter worth $33,000. Meeder Asset Management Inc. increased its position in shares of Air Transport Services Group by 106.0% during the third quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company's stock valued at $109,000 after acquiring an additional 3,471 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Air Transport Services Group in the 3rd quarter valued at approximately $197,000. Peoples Bank OH acquired a new position in shares of Air Transport Services Group in the 4th quarter worth approximately $216,000. Finally, Creative Planning increased its holdings in Air Transport Services Group by 33.2% in the 3rd quarter. Creative Planning now owns 13,384 shares of the transportation company's stock valued at $217,000 after purchasing an additional 3,338 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company's stock.

Air Transport Services Group Stock Up 0.1 %

Shares of NASDAQ:ATSG traded up $0.02 during trading on Thursday, hitting $22.33. The company's stock had a trading volume of 358,960 shares, compared to its average volume of 943,690. Air Transport Services Group, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $22.38. The business has a 50 day moving average price of $22.21 and a two-hundred day moving average price of $19.93. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The company has a market capitalization of $1.47 billion, a PE ratio of -557.99 and a beta of 0.79.

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Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last released its earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The firm had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $521.36 million. As a group, research analysts expect that Air Transport Services Group, Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Air Transport Services Group in a research note on Thursday. They issued a "hold" rating for the company. Four investment 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, Air Transport Services Group has an average rating of "Hold" and an average price target of $20.60.

Air Transport Services Group Company Profile

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.