River Road Asset Management LLC Sells 4,088,366 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

River Road Asset Management LLC reduced its position in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 57.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,081,823 shares of the transportation company's stock after selling 4,088,366 shares during the quarter. River Road Asset Management LLC owned approximately 4.69% of Air Transport Services Group worth $67,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Creative Planning raised its position in shares of Air Transport Services Group by 33.2% in the third 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 period. Empowered Funds LLC raised its holdings in Air Transport Services Group by 11.1% during the 3rd quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company's stock valued at $4,702,000 after acquiring an additional 29,104 shares during the period. Meeder Asset Management Inc. lifted 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 worth $109,000 after acquiring an additional 3,471 shares in the last quarter. Phocas Financial Corp. lifted its position in shares of Air Transport Services Group by 49.4% during the third quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company's stock worth $3,611,000 after acquiring an additional 73,752 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Air Transport Services Group in the third quarter worth $197,000. 91.81% of the stock is currently owned by institutional investors.

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Air Transport Services Group Trading Up 0.0 %

Shares of ATSG traded up $0.01 during mid-day trading on Friday, hitting $22.33. 434,017 shares of the company's stock traded hands, compared to its average volume of 740,417. The business's 50-day moving average price is $22.22 and its 200-day moving average price is $19.95. Air Transport Services Group, Inc. has a 1 year low of $11.62 and a 1 year high of $22.38. The firm has a market capitalization of $1.47 billion, a P/E ratio of -558.11 and a beta of 0.79. 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 posted its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.05. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate 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%. As a group, sell-side analysts forecast that Air Transport Services Group, Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Air Transport Services Group in a research note on Thursday. They set a "hold" rating for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price 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.